Saad Ullah
NZD/JPY continues to trade within a bullish structure, with price holding above its late-March low and maintaining upward momentum. As Elliottwave Forecast noted, the current setup points to further upside with the trend intact as long as key support remains unbroken.
The NZD/JPY Trend That Remains Firmly Supported
The chart reflects a clear upward sequence following the March bottom. Price has moved higher from that low and continues to hold above it, reinforcing the bullish structure. The key level highlighted is 90.669, which serves as the invalidation point - as long as price remains above this level, the broader bullish trend remains valid and the rally toward 95.98 stays on the table.
NZD/JPY Pullbacks Are Expected but Contained
The source notes that short-term pullbacks are expected to unfold in 3, 7, or 11 swings - but should remain supported. This aligns with the chart structure, where price shows pauses and corrective pullbacks within the broader upward move rather than a full reversal.
These retracements do not disrupt the main bullish direction as long as they stay above the key support level. The structure treats dips as opportunities to re-enter rather than warning signs of trend failure.
Short-term pullbacks in 3, 7, or 11 swings are expected and do not disrupt the bullish structure - the key is whether they hold above 90.669, which is the only condition that invalidates the outlook
The NZD/JPY Upside Path Toward 95.98
Price is currently trading well above the invalidation level, and the structure shown in the chart continues to favor upside extension rather than a deeper reversal. The setup remains straightforward: pullbacks are viewed as corrective while the broader trend stays constructive above 90.669, with 95.98 as the primary upside objective and room for extension beyond that level if momentum continues.
Saad Ullah
