
According to the chart of M15, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 87.50 – 87.50 and upper border 87.70 – 87.70. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.