NZDJPY Is Forming A Bullish Setup

New Zealand dollar turned up against the Japanese Yen since April, when we saw a strong rebound from 80.40 support, a key level going back to March 2023. The recovery is quite strong, and it looks like a leading diagonal pattern into wave A; so it's a motive wave structure that already pushed above the 87.34 resistance, which is a strong bullish signal, suggesting more upside ahead. So if we are correct, then current retracement is a contra-trend move; possibly wave B that has a nice support at 85-84 area, which is not that far away, so we may get a new bounce in a few weeks; ideally an impulse, out of a current downward channel.