NZD/JPY, DAY CHART, SHORT (18-FEB-2017)

From the Price Action, there are more selling
pressure than buying pressure in this consolidation pattern.

From COT Report,
For JPY, there are more non-commercial positions
added to long side.

From both Price Action and COT Report, there is
confluence that NZD/JPY might go down further.

Here are 2 trading plans for you:
1. When the price break the support level, short
2. If the price pull back to previous resistance level,
wait for bearish signal to short