NZD/JPY: potential H&S
NZD/JPY may be forming a 'head and shoulders' pattern.
The pair has already breached the daily Ichimoku Cloud at 77.65 on Tuesday. Today kiwi is struggling at the 200-day MA in the 77.15 area.
Further support lies at 76.70 and in the 76.50/00 area. The loss of the latter will be a very bearish sign.
Chart. Daily NZD/JPY