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fxJul 15, 2026, 7:47 AM

NZDJPY Poised for Bullish Wave (5) After Corrective Pullback

NZDJPY appears to have completed a corrective wave (4) pullback, setting the stage for a bullish wave (5) that could target the 96–97 area initially.

NZDJPY

NZDJPY may be completing a corrective wave (4) pullback within a larger bullish impulse pattern. The pair is now eyeing a recovery in wave (5), which could target the 96–97 area in the near term.

Further upside extensions beyond that zone are also considered possible if momentum continues, though no specific targets are provided beyond the initial 96–97 range.

The analysis is based on Elliott Wave theory, suggesting the corrective phase has likely ended and the uptrend is resuming.

Source: FXStreet Forex News