NZDJPY Chart Technical Outlook 86.21 is critical for the next move the eight-hour chart highlights the cross within the BC leg of a large BAT formation. This will complete close to 84.10.
However, the four-hour chart highlights the possibility of a CRAB formation building. Support is located at 86.36.
With these conflicting views, we need to see a break of the 86.21 swing low, to confirm the higher time frame analysis.
In conclusion, the bias looks mildly bearish, but US retail sales will set the tone for the next move.
