NZD/JPY - 4 HOURS CHART
82.22 HOLDS THE STRONG SUPPORT...

From the low at 77.41, the pair has traced out an A-B-C correction with the C wave consisting of 5 waves itself. This could also be waves 1 through 3 of a larger advance. A decline below 82.22 suggests that the rally from 77.41 was indeed corrective and that the larger trend is down. If the 82.22 holds then it'll lead upto Wave 1 through to Wave 5.