FX:NZDJPY   New Zealand Dollar / Japanese Yen
Price has broken through the ascending trendline, after forming a double top pattern to monthly resistance at the top. Price has broken the neckline & retested it as new resistance, making a bearish rejection which aligns with the 38.2 fibonacci retracement & is now in a consolidation phase. Waiting for a breakout of the strong support level below at the 70.000 for confirmation that price will resume the downtrend & continue making its way lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.