On the NZDJPY daily chart, we can see that the pair is retesting the lower Pitchfork channel line 77-77.500 zone and now the strong downside support zone. The pair is in the downtrend and the recent upside price action is just the correction.
Note: look for the short trades with the SL just above the 77.500.
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and take the 7 days trial for 1$ here