NZDJPY is trading in final stages of a higher degree three wave recovery, labeled as a big wave 4). We see current impulse higher as part of an unfolding wave C, that will ideally see limited upside around the upper channel line and Fibonacci ratio of 100. On that note, a potential ending diagonal pattern in sub-wave v of C can be unfolding, that can after its completion push price strongly into the opposite direction.
NZDJPY, 4H
