NZDJPY recently broke through the powerful multi-month support level 72.20 (which has been steadily reversing the price from the middle of August, as can be seen below).
The breakout of the support level 72.20 continues the active short-term impulse wave 5 – which belongs to the medium-term impulse wave (C) from the start of December.
NZDJPY is expected to fall further and re-test the next support level 71.00 (former support from the middle of 2016).
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
The number of operating oil rigs in the US fell by 7 to 499. This…
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
This website uses cookies
