POSSIBLE CONTINUATION PATTERN IN NZDJPY

Continuation pattern setting up in nzdjpy. JPY weakness failing to be crystallized here due to fellow weakness of NZD (weakest of commodity currencies). However, a decent risk/reward play could be setting up with a long position favoured if a daily close above 87.50 level targeting previous highs of 89.50 region and thereafter further upside if that level is breached. The trade is negated and reversed if the 86 level is discarded.