NZDJPY currency pair recently reversed down from the key resistance level 86.600 (which has been repeatedly reversing the pair since the end of March, as can be seen below) -strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 86.600 is likely to form the daily bearish Engulfing reversal signal. Given the strength of the resistance level 86.600 , NZDJPY currency pair can be expected to fall further toward the next support level 84.00 (which stopped the earlier correction 2).