NZDJPY Chart Technical Outlook 2610.8% extension located at 90.35
We have seen a strong recovery since posting the 87.09 swing low on October 3. We have a 261.8% extension level located at 90.36. This could be seen as the end of a fifth wave, the Elliott Wave completion. We have a trend of higher highs located at 90.15.
Traders must be wary of possible Bank of Japan intervention. Strong support is located at 87.84.