There have been 3 fabulous months for NzdJpy (In fact for all JPY pairs), with the pair gaining around 1200 pips, but more importantly, more than 15% (a lot for a forex pair). As it was normal after such a run, after reaching 87 figure, the pair dropped hard, making the first leg of correction. Now the pair is in recovery again and a new leg down can follow. Resistance lies between 84.50 and 85.00 and in this zone, I will look to sell. On the other hand, NzdJpy back above 85.50 could mean the resumption to the long-term bull trend.