NZDJPY broken rising wedge retest
NZDJPY has broken below the important rising wedge support 70.050. A confirmed close below the 68.660 is required for a downside reversal continuation. For a complete bullish upside reversal breakout and higher probability long trade entries, we need to see a confirmed break above the 72. A break above this level would lead to an extension higher. The overall long-term is downtrend but we need to see a break below 68.660 for a downside reversal extension.
Note – We are more inclined to a short trade upon a break below 68.660
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