From the Price Action, there are more selling pressure than buying pressure in this consolidation pattern.
From COT Report, For JPY, there are more non-commercial positions added to long side.
From both Price Action and COT Report, there is confluence that NZD/JPY might go down further.
Here are 2 trading plans for you: 1. When the price break the support level, short 2. If the price pull back to previous resistance level, wait for bearish signal to short