NZDJPY formed a descending triangle

A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum.

the pair is targeting 74.50 as long as it is trading below 75.60.
Bearish PatternsChart PatternsDescending TriangleNZDJPYSELL

Disclaimer