Forex Forecasts: Downward corrective wave on NZDJPY

The NEW ZEALAND DOLLAR / JAPANESE YEN pair is moving inside a right triangle and thus the possibility of a Downward corrective wave, in case the lower bound of the triangle is broken and the uptrend at the point of 72.88 is a selling opportunity towards the target of 71.53.

And about the buying scenario, it begins with a penetration of the upper side of the triangle and the point 73.28.