NZD/JPY is currently approaching monthly structure and has just completed it's daily and monthly patterns. From here we can expect the market to react to this zone and give us an opportunity for the short to around 73.050 for the market to go and complete it's next move of the monthly timeframe. I will be monitoring this pattern from a 4h timeframe and will be waiting for the market to shift from a bullish market to a bearish market before taking the trade.
Trade closed: target reached