NZDJPY getting rejected by the long-term wedge top

NZDJPY rejected by 82

 

NZDJPY is rejected by 82.20 upside resistance. A rejection here could lead to a deeper pullback and a test of the wedge support 78. A break above 82.2 is required for the upside extension. NZDJPY is still in the medium-term uptrend and it will be as long as 78 support hold.

Note: look for the short trade entries with the stop loss just above 82.40

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NZDJPY price action

 

 

 

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