the pair is approaching a resistance area in daily chart, previously the price has tested a descending trendline and I think bearish pressure is still high, nzdjpy will come back on the VWMA around the first support, then if that zone will be broken the target area is around 66 as highlighted in the chart.
The stop loss is very tight, the risk reward ratio is wonderful.
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Bearish PatternsNZDresistanceareaTrend Analysis

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