NZDJPY recently broke below the pivotal support level 70.35 – which reversed the price sharply in May and June.
The breakout of the support level 70.35 accelerated the active impulse wave 3 – which belongs to the extended, medium-term impulse wave (3) from March.
NZDJPY is expected to fall further and retest the next support level 69.00 (which coincides with the support trendline of the daily down channel from December).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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