NZD/JPY - 4 HRS CHART
A TREND REVERSAL IS POSSIBLE...

NZD/JPY rally has extended one as it is similar to the NZD/CHF pair. Here to we'e seeing the 3 wave correction to the 85.82-77.41 decline. This pair is already made the top at 84.31 this is the level where the rally from 79.24 will equal the 77.41-82.22. 4 hrs RSI hovering at 70 mark quite similar to NZD/CHF pair and resisting at 84.31 will pay the way to the end of 3 wave correction. Now the key focus will be on 83.56, the strong support and 84.31 the key resistence. Any thing above the 84.31 will expose the 85.20 which is th 1.618% fibo resistenc of 77.74-82.22 rise.