Sun, Nov 27, 2022 @ 18:46 GMT

NZDJPY Wave Analysis

  • NZDJPY reversed from resistance level 87.30
  • Likely to fall to support level 85.00

NZDJPY currency pair recently reversed down from the key resistance level 87.30 (which has been reversing the price from the end of March), standing above the upper daily Bollinger Band.

The downward reversal from the resistance level 87.30 started the active short-term correction (ii).

NZDJPY can be expected to fall further toward the next support level 85.00 (target for the completion of the active wave (ii).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading