NJ Neutral weekly
NZDJPY has showed major weakness for months this year, and continuous to plummet .
Price has found way back to the weekly ascending trendline and is cornered.
Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to indicated medium term trend change .
It is not advisable to risk on this pair until higher probability setups occur on higher time frames.
Price has found way back to the weekly ascending trendline and is cornered.
Wait to see if trendline support holds or if it breaks a break will see it move towards the next area of support below trendline if it hold it be indicated by a bullish engulfing close on weekly to indicated medium term trend change .
It is not advisable to risk on this pair until higher probability setups occur on higher time frames.
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