The most interesting pair you can make money with - NZD/JPY: continuing with the primary bearish soon

NZD/JPY: bearish. The pair is on bearish market condition with the secondary rally which was started in the beginning of Augist this year: the price is moved within 82.62 key resistance level and 71.28 key support level. Symmetric triangle pattern was formed by the price to be crossed for direction. Intermediate support/resistance levels for this pair on the way to the key levels are the following:

• 74.43 support level, and
• 78.56 resistance level.

The most likely scenario for this pair for the next few weeks are the following: the price will break 78.56 intermediate resistance level from below to above on close weekly bar, but the key resistance at 82.62 will not be reached because the price will continuing with the primary bearish soon with 74.43/71.28 as the real bearish target for example.

There are the following news events which will be affected on NZD/JPY price movement:

• 2015-10-08 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
• 2015-10-08 19:00 GMT (or 21:00 MQ MT5 time) | [USD - FOMC Meeting Minutes]
• 2015-10-12 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - Food Price Index]
• 2015-10-13 00:50 GMT (or 02:50 MQ MT5 time) | [JPY - Monetary Policy Meeting Minutes]
• 2015-10-13 n/a     GMT (or n/a    MQ MT5 time) | [CNY - Trade Balance]
• 2015-10-14 00:50 GMT (or 02:50 MQ MT5 time) | [JPY - PPI]
• 2015-10-14 02:30 GMT (or 04:30 MQ MT5 time) | [CNY - CPI]
• 2015-10-14 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Core Retail Sale]
• 2015-10-15 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Core CPI]