Technical analysis

NZDJPY Wave Analysis – 10 June, 2022

NZDJPY Wave Analysis – 10 June, 2022

• NZDJPY reversed from resistance level 86.60
• Likely to fall to support level 85.00

NZDJPY currency pair recently reversed down from the key resistance level 86.60 (which has been stopping all upward impulses since the end of April), coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 86.60 started the active minor correction (ii).

NZDJPY can be expected to fall further toward the next support level 85.00 (former resistance from the start of May).

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