NZD/JPY has a bearish wedge pattern (blue) with the pair looking to break trend line support (red line).
If the pair trades below the 88.50 and close below this level, downside may be opened up towards .8400 in the coming days.
I will update with chart in the event that happens.
Blake Morrow
Chief Currency Strategist, Wizetrade
Thanks Blake,
Looking forward to more blogs. Will be watching this pair and other jpy’s as well. Been an interesting 3 weeks, after a reasonable Jan and Feb. Back to ME watching.
Ron