After a massive drop on Wednesday's BoJ statement, NZDJPY tests Ichimoku and plays with traders hearts. How could market sentiment change in the coming days? Medium Time Frame the NZD/JPY pair is testing the very thin Ichimoku cloud and the lower band of a symmetrical triangle as it consolidates between 75.75 and 71.50. Long Time Frame On the monthly chart too, NZDJPY tests Ichimoku cloud lower band in June, and currently is finding its way within the very thick cloud. The new Saucer-Top cycle seem to be in the middle of its formation. So a break below the Ichimoku cloud of either monthly or daily charts could open ... (full story)