NZD/JPY is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on NZD/JPY
NZD/JPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of NZD/JPY could test 84.3940 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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