Chart of The Day $NZDJPY 1-18-2017

On the NZDJPY daily chart, we can see that the pair is in consolidation triangle between 80.700 and 81.900 level. A break above or below indicated levels is needed for further short/medium term direction in the pair. The weakness of NZDUSD and a break below 80.700 could lead to deeper correction into 78-79 zone. 

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