NZDJPY Weekly Forecast: 17-21 August 2020

Good Morning Traders. All indicators are bearish on the chart with the upper trendline having acted as resistance twice and price seems to break through the the 69.55 level. I do not consider this to be a strong level and with no immediate strong support level on the daily chart I willing to place a long term trade on this pair.

On chart the next strong level is around 66.34 , a price level we last saw in May.