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Home Contributors Technical Analysis NZD/JPY Eyeing 71.0 Area – Elliott Wave Analysis

NZD/JPY Eyeing 71.0 Area – Elliott Wave Analysis

NZDJPY is moving to the upside as expected since yesterday, after we noticed a completed correction in B)/2). We see a firm recovery, that also broke above the upper trendline, which is a signal for more upside towards the 71.0 first projected target for a wave C). That said, if price extends its rally above 71.00 level, then it could be even wave 3).

NZD/JPY, 1h

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