The New Zealand Dollar Japanese Yen.

Good evening Dynamic Traders,

For some reason I cannot upload an image tonight and so will try to just explain.

The cross is of the NZDJPY which is currently inbetween breather levels for the downtrend from the middle of 07 to Feb 09.
Since February this year price on this pair has been trending upwards, but with a couple of deeper pullbacks than would have been liked, and is currently going into a squeeze formation whilst heading for a strong former R/S zone with a good figure a little further north.

AdvancedGet Stochastics has had false bars on top but does not at present due to the consolidation happenig at present.

This is one for your watchlist to await a break of the trendlines you will have to draw and reistance levels as it is currently making a triple top.

Dont trade against the trend and these are up at present, unless you are more certain of this direction and look for the confluences which are quite abundant but as said be patient and wait for confirmation.

Good Luck.

Clayton Farnworth.