BLUE43

NZDJPY - Weekly bounce and now ?

FX:NZDJPY   New Zealand Dollar/Japanese Yen
68 0 18
After a bounce on the 0.382 weekly and 1.13 extension of an Alt Bat pattern, price came back to the 0.5 retracement of the CD leg. now in consolidation. If cross the 0.382 support down will go to the 0.5- 0.6 fib retracement of all move, in this case price for a PRZ will be on the blue box
Problem is that,xxxjpy pairs look have limited downside cause BOJ intervention so in this case and if it is still the case in the next months, only a weakness of NZD can make him go lower.
Will take a look on lower time frame

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