NZDJPY may have recently completed a three-wave decline labeled as A)-B)-C) at the 77.63 level, from where a new intra-day bounce followed. This bounce can be start of minimum three-wave reversal with wave A/1 leading the way. That said, we can see that an ending diagonal unfolded within final leg C) of a decline, which means that current recovery can go as high as to the starting point of this pattern, meaning price can reach 81.10 level in upcoming sessions.
NZDJPY, 4H
-B)-C)%20at%20the%2077.63%20level,%20from%20where%20a%20new%20intra-day%20bounce%20followed.%20This%20bounce%20can%20be%20start%20of%20minimum%20three-wave%20reversal%20with%20wave%20A/1%20leading%20the%20way.%20That%20said,%20we%20can%20see%20that%20an%20ending%20diagonal%20unfolded%20within%20final%20leg%20C)%20of%20a%20decline,%20which%20means%20that%20current%20recovery%20can%20go%20as%20high%20as%20to%20the%20starting%20point%20of%20this%20pattern,%20meaning%20price%20can%20reach%2081.10%20level%20in%20upcoming%20sessions.%20){kind=link}