NZDJPY Tempting Breakdown

NZDJPY Tempting Breakdown


The NZDJPY             is at a major crossroads, tempting the break of multi-year trendline support, dating back to the 2011 low.

The last 12-24 months’ action seems to foretell an accelerated downturn.

My first target is the 69 area, with a risk-reward ratio of around 4.8

Only a break of the succession of lower highs would shift me neutral.