NZDJPY Wave Analysis – 17 January, 2020
January 17, 2020 @ 15:45 +03:00
- NZDJPY reversed from resistance area
- Likely to fall to 370.00
NZDJPY recently reversed down from the resistance area lying between the key, long-term resistance level 73.30 (which has been reversing the price from July) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous short-term corrective wave 2.
NZDJPY is likely to fall further toward the next support level 72.35 (low of the previous short-term correction from earlier this month).