NZD/JPY: Rectangle Break In The Works?

 | Sep 05, 2014 09:01AM ET

Currently we the NZD/JPY is at 87.35. IF we break the rectangle we are looking for a continuation to the R3 resistance area at 87.79 with an overall target at 88.00. The average daily true range (ATR) for the pair currently is 45 pips.