⬤ NZD/JPY shifted into rally mode after finishing wave ((iv)) at 91.39, marking the end of a corrective phase within its broader trend. The pair started trending upward following this development, with the chart showing price climbing on the right side as it transitions from correction into the next Elliott Wave sequence.
⬤ The setup reveals a completed corrective dip into late January's low around 91.39, followed by steady gains. Elliott Wave labeling shows NZD/JPY now pushing through the next legs of an impulsive move. Price action since 91.39 reflects continuation rather than reversal, backing the view that the impulse is still playing out.
⬤ The outlook calls for NZD/JPY to keep climbing toward completing the current impulse before any pullback kicks in. The chart marks 91.39 as the critical invalidation level—this structure stays valid as long as price holds above that floor. Recent movement toward the 93–94 zone tracks with the projected path.
⬤ This matters because NZD/JPY is exiting a corrective phase and entering the continuation stage of its broader trend. How the impulse completes before a pullback can shape short-term volatility and direction across yen pairs, helping define near-term forex market behavior.
