Sat, Jan 28, 2023 @ 19:50 GMT

NZDJPY Wave Analysis

  • NZDJPY reversed from support zone
  • Likely to rise to resistance level 82.30

NZDJPY recently reversed up from the support zone lying between the key support level 80.60 (which has been reversing the pair from May) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the earlier short-term corrective wave (ii).

NZDJPY can be expected to rise further toward the next resistance level 82.30 (previous daily high).

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