NZDJPY: ⬆️ Buy
– NZDJPY reversed from key support level 88.00
– Likely to rise to resistance level 90.20
NZDJPY currency pair recently reversed up from the support zone between the key support level 88.00 (which has been reversing the price from the start of October, stopping wave A at the start of October, wave i at the end of October and wave iii earlier this month) and the lower daily Bollinger Band.
The upward reversal from this support zone started the active short-term correction iv of the C-wave of the ABC correction (2) from July.
Given the strength of the support level 88.00, NZDJPY currency pair can be expected to rise further toward the next resistance level 90.20 – which stopped wave iv at the end of September and wave B at the end of October.