For study (News tonight)... NZDJPY had a break in market structure (created a lower low). However, it left a price gap to the upside. Price could close that gap and then continue the sell off...or just continue the sell off. I'm leaning toward the price gap. I will sell from there if news pushes it up:
Price is at a key zone, but making a corrective pattern indicative of an upcoming sell (in the future). I would love to see another push to the upside for a nice swing then sell from the top for an even nicer swing. These are both long-term swings setups.
On the Weekly TF price is still in an overall downtrend. The Daily and H4 are slowly pushing up into an area of selling pressure. Based on market structure, we could see this small sell finish off and push up once more before the breakdown....unless we get an aggressive break before then.