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

A potential bearish movement on NZD/JPY
NZD/JPY is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NZD/JPY continues in its current trajectory, we could see it reach 90.1355 within the next 3 days.

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