NZDJPY - Analysis
Throughout August and early November this pair was stuck within a range, until the bullish rally to the upside breaking 71.5. Since this break to the upside price hasn't moved much and is stuck in a corrective pattern. That pattern to me looks like a triangle pattern where we are squeezing and holding the support of 71.5. For a clean entry we would need price to either break upwards or downwards to give us the directional bias. From this we will wait for the pullback to execute in either direction. Until then its a waiting game!
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