NZDJPY: Daily Trend ChangeNew Zealand Dollar / Japanese YenCMCMARKETS:NZDJPYFinancialGamblRThere's a structural trend change underway on the NZDJPY pair. On the daily (D1) timeframe, price failed to make a higher high in early March. Towards the end of late-March, price broke through our horizontal trend line (HTL) very aggressively and did not revert above this level. Since EMA20 still remains above EMA60 (just barely crossing right now), I remain cautious as a technical downtrend hasn't been confirmed. However, the downtrend is underway when we go to the H1 timeframe. EMA20 trends below EMA60 with minimal crossovers. Price isn't reacting as cleanly but there was an entry opportunity when crossed below the ascending trend line (ATL). I expect pullbacks to occur next week; however, the overall intraday trend should remain bearish.