NZDJPY is testing the wedge support
NZDJPY has been rejected from the wedge top upside resistance 81 and is now testing the 78 wedge support. A bounce from here could lead to an extension higher and another retest of the 81. A break below the 78 is required for a downside reversal and a pullback to 73. This is a clear rising wedge and it is reaching its end so we should see a strong directional move going forward.
Note: look for the short trade entries upon a possible break below 78
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