NZD/JPY Pivot Points Analysis - ranging around S2 Pivot level for possible bearish breakdown

W1 price is on bearish market condition: the price was stopped near S2 Pivot level at 76.73 on the way to S3 Pivot at 72.07 as the nearest bearish target:

• The price is on strong bearish condition for trying to break S2 Pivot level at 76.73 on close weekly bar for the bearish trend to be continuing;
• descending triangle pattern was formed by the price to be broken from above to below for goosd possible bearish breakdown;
  
• if weekly price will break S2 Pivot level at 76.73 on close weekly bar so the primary bearish market condition will be continuing;
• if weekly price will break S3 Pivot at 72.07 so we may see the breakdown of the price movement within the primary bearish condition.

Trend:

• W1 - bearish