NZDJPY could be long in the near future. A complex correction is approaching the 38.2% retracement level on the hourly chart. If this happens to be a wave 2 of a new Elliot cycle, the complex correction has a tendency to add allot of fuel to wave 3.
With the daily finishing a ABC correction and ending at wave 4 of the main cycle, this trade can go both ways. Im sure there is an alternate count out there. If you have one, please post it.