Comparing with AUD/JPY's bullishness, NZD/JPY is little bit different.
Because NZD/USD is still condolidating downward....(AUD/USD made its Diamond bottom Formation)
Therefore NZD/JPY's Diamond Formation is assumed like this. (I would say it is not an IH&S)
Breakout point of Diamond right upper line was 86.05.
target: 86.05 + 351 pips=89.56
So I think NZD/JPY will have a quartet Top Formation at 89 middle area.....
Nikita FX (climbingfx.jugem.jp/ )
Because NZD/USD is still condolidating downward....(AUD/USD made its Diamond bottom Formation)
Therefore NZD/JPY's Diamond Formation is assumed like this. (I would say it is not an IH&S)
Breakout point of Diamond right upper line was 86.05.
target: 86.05 + 351 pips=89.56
So I think NZD/JPY will have a quartet Top Formation at 89 middle area.....
Nikita FX (climbingfx.jugem.jp/ )