NZDJPY is reversing lower to test the rising wedge

NZDJPY rejected from 86 again

 

NZDJPY has been rejected from the 86 level again. It is reversing lower for a test of the uptrend long-term rising wedge line 79.60. Look at this as a correction of an uptrend and not a reversal as it is not that. The current uptrend swing is reaching the Apex and the price action is showing increased signs of the reversal lower.

Note: look for the long trade entries with the stop loss above 85

 

NZDJPY downside reversal

 

 

 

 

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