NZDJPY medium-term uptrend breakout consolidation
NZDJPY is consolidation inside the wedge after an uptrend line breakout. It is testing an upside resistance 78, and rejection here is needed for a downside reversal and a test of a critical 75.80 for a continuation lower. A confirmed break above 78 is required to invalidate the downside extension. A possible break below 75.80 would open further downside acceleration.
Note: look for the short trade entries with the stop loss above 78
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