Alrighty. I'll be watching this one closely. NZD/USD is sitting at a crucial support/resistance level at the moment. A few more days are needed to confirm a rebound or break. Thoughts?
USD might be running out of steam, and a possible hydrogen bomb testing was just announced. This might be enough of a fundamental motive to move the price of USD/JPY into a down trend.
Here's a quick Wedge Pattern analysis. This is purely speculation, I have no position. Currently, it looks like the wedge resistance is holding and the trade is a go. Will continue to watch through the next hour to confirm.