We can see quite an extensive impulse wave to the upside on the hourly chart. But it got choppy lately. In my mind that indicates that the price will reverse. In my opinion it will reverse at one of the levels that I indicated, because those levels represent major ressistance level.
Very simple idea for NZD/JPY. Chart has formed a triangle in the past few days, waiting for the price to break out on eather side. Manage stops and profits by indentifing support and resistance lines.
Took a short trade yesterday, it turned out nicely. Now waiting for a pullback. The price may touch the level it may reverse before that or even forme a double bottom. So be patient and watch the price action. Good luck