If I am not mistaken, this might be the first time I share my thought about NZDJPY. A pair with 10 pip spread if you are trading with Instaforex
Below is my chart. I can see that the price is at a strong resistance as you can see on the dotter blue channel below. And, the pattern is a daily rising wedges pattern which I think, if valid.. the price should going down.
Even tho the price is breakout from all the trendline on the above chart, I think.. it is a false breakout. What do you think?