NZDJPY is more likely to continue falling!

The pair got rejected strongly from the April 2022 high. With Yen showing signs of strength I anticipate most of the Yen pairs to change direction and it is most likely that NZDJPY will change momentum to the downside. I will be considering to go short on this pair with 3 targets in mind 83.406, 81.444 and 79.660.

Disclaimer: This is not an advice for you to invest in this but rather an idea that is meant for you to do your extra analysis before taking any investment action. Whether you make money or you lose, it is all up to you.