NZDJPY currency pair is bullish and there can be room for at least one more leg up after recent three-wave A-B-C corrective slow down, which we see it as a higher degree wave (4) in the 4-hour chart. So, it’s actually still pointing higher to retest the highs within final wave C of an A-B-C rally within wave (5) of a larger ending diagonal a.k.a. wedge pattern that can be seen on a daily chart. 90 area coming?!

NZDJPY 4H Chart

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NZDJPY Daily Chart

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In ending diagonals, wave (5) should be completed in three waves A-B-C, so watch out for that wave C of (5) rally before market potentially find the strong resistance.

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