In this video, we discuss our technical argument for a medium-term bullish reversal for NZD/JPY, on the weekly time frame, based on last week's close as a pin bar which rejected a multi-year low. This multi-year low represents a major support level or "floor" preventing further weakness of the New Zealand dollar against the Japanese yen. As Price is essentially "trapped" at the bottom of a long-term range, the reversion to the mean as a result of a bounce seems statistically more likely than a bearish breakout.