NZD/JPY Descending wedge, Fib level + possible Inverse H + S

*** "Bearish RSI divergence" should read "Bullish RSI divergence"
TECHNICAL:

Reason 1:
- Long term Falling wedge, starting 20/11/2017 formed/forming
- 3 touches of upper trend line, 4 touches of lower trend line with 2 consecutive rejection/false break candles on the 3rd touch (29/05/2018 + 30/05/2018)
- Falling wedge is a bullish reversal pattern, the 2 consecutive rejection candles on the lower trend line indicate to me a possible breakout to the upside soon

Reason 2:
- Possible inverse Head and Shoulder pattern formed at the bottom of the falling wedge.
- The "head" of the formation touches the 61.8 fib re-tracement of the uptrend from 24/06/2016 to 27/07/2017.
- The "head" of the formation also comprised of the two rejection/false break candles

Reason 3:
- Price moved into + was rejected from a strong long term Support/Resistance zone.
- Price within this zone used to act as resistance, however as of April 2017 this area has reversed, and acted as support every time price has moved into it

Reason 4:
- Bullish RSI divergence seen on the Daily chart
-Lower lows seen within the falling wedge pattern are printed as higher highs on the RSI

FUNDAMENTALS:

- Ongoing trade dispute between China and US has hit the Asian markets badly including the Japans Nikkei 225, with no sign of an agreement I believe this may continue to provide weakness for the Japanese Yen, subsequently strengthening the New Zealand dollar.

**Mainly going off Technical analysis on this trade,
-Appreciate any thoughts, comments. Constructive criticism only please, thanks for reading.

James