On December 15th, 2016 we discussed a combination of bearish patterns on the NZDJPY.
The confluence of resistance at 83.30 and 4-hour rising wedge spelled trouble for buyers.
The very next day, on December 16th, the pair closed below wedge support on the 4-hour time frame.
Sellers went on to take the pair 230 pips lower over the next six sessions.
NZDJPY Looks Ready to Target 79.40
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