Elliott Wave in Action: NZDJPY Pushes Higher from Blue Box Area

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 09 April 2025 low is unfolding as an impulse sequence. Therefore, called for more upside to take place. We knew that the structure in the pair should remains incomplete & should see more upside. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

NZDJPY 4-Hour Elliott Wave Chart From 3.18.2026

Here’s the 4-hour Elliott wave Chart from 3.18.2026 update. In which, the rally to 94.96 high completed the cycle from October 2025 low & made a pullback lower. The internals of that pullback unfolded as Elliott wave double correction where wave (W) ended at 91.93 low. Then a bounce to 94.18 high-ended wave (X) & started the (Y) leg lower towards 91.11- 89.21 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

NZDJPY Latest 4-Hour Elliott Wave Chart From 4.27.2026

This is the latest 4-hour Elliott wave Chart from the 4.27.2026 update. In which the pair is showing a strong reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above 94.96 high is needed to confirm the next leg higher targeting 95.97- 97.62 area higher minimum before profit taking & next pullback happens.

Source: https://elliottwave-forecast.c...