NZDJPY — Expanding Wedge Setup

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NZDJPY — Expanding Wedge SetupNew Zealand Dollar vs Japanese YenBLACKBULL:NZDJPYTradingNutComPrice has bounced cleanly from the monthly trendline and is now trading within a broadening (expanding) wedge. The plan is to wait for a pullback into the gap before targeting the opposite side of the wedge. Momentum favors shorts as the structure expands.