NZDJPY

The price entered the correction phase after hitting the weekly supply area.
We can expect price correction from the daily supply area, which is located in the heart of the weekly area, to the weekly demand area.
In the demand area, we have a strong weekly support along with long-term trend line support, where we can expect a deeper correction if the support is lost.
We do not predict. We will re-examine the price action if support is reached.