The NZDJPY has been consolidating in a large descending wedge pattern on the 4H/ Daily charts.
We now have a clear upside break out of the pattern. Chart illustrates the wedge below.
If we get a retouch for a good area to go long remains to be seen, but for now, this could lead to a longer term trend for the pair.
We now have a clear upside break out of the pattern. Chart illustrates the wedge below.
![](http://www.dukascopy.com/imageserver/img/86615bad0ea66400afd4009fc69e24f1/500_2/image.jpg)
If we get a retouch for a good area to go long remains to be seen, but for now, this could lead to a longer term trend for the pair.