NZD/JPY continues to rise after the earlier breakout of the 4-hour Ascending Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Ascending Triangle at the 6-bar level – which reflects the slow Initial Trend (2 bars), average Uniformity (5 bars) and strong Clarity (9 bars). Autochartist rates the strength of this breakout at the maximum – 10 bar level – which increases the probability the price will continue to move toward the forecast price 75.20.
