NZDJPY has most likely completed a double correction from it's high's of 94.03

Price should turn from here as long as it remains above 84.93. Upside resistance comes in at 89.31 which coincides with the 50% fib of the entire move to the downside. Momentum has been strong to the downside, price may consolidate before turning.

Similar structures can be found in pairs like CADJPY.


Figure 1 - Daily NZDJPY Proposed Wave Count




Figure 2 - Weekly NZDJPY Levels
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