NZD/JPY Two Possible Scenarios by ThinkingAntsOk

4H CHART EXPLANATION:


- Price is on a downtrend after bouncing at the Resistance Zone.
- It has now found Support at 70.00.
- We have two possible scenarios here.
- The long view, will be activated in case the Descending Trendline is broken to the upside.
- The short view, will be activated in case the Descending Trendline can not be broken.
- Will wait for price action confirmations before taking any position.

DAILY CHART ANALYSIS: