Categories: Technical analysis

NZDJPY Wave Analysis 14 January 2025

– NZDJPY reversed from key support level 87.00

– Likely to rise to resistance level 89.40

NZDJPY currency pair recently reversed up from the key support level 87.00, which is the lower border of the sideways price range inside which the pair has been moving for the last few weeks.

The support level 87.00 was also strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

NZDJPY currency pair can be expected to rise to the next resistance level 89.40 (upper border of the active sideways price range and the top of the previous waves B and 1).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: NZDJPY

Recent Posts

USCDAD Wave Analysis 22 January 2025

- USCDAD reversed from pivotal support level 1.4290 - Likely to rise to resistance level…

5 hours ago

S&P 500 index Wave Analysis 22 January 2025

- S&P 500 index broke resistance levels 6000.00 and 6060.00 - Likely to rise to…

5 hours ago

The Plateau of Crypto

The crypto market cap is up 3.5% in the last 24 hours to $3.63 trillion.…

8 hours ago

FTSE 100 Wave Analysis 21 January 2025

- FTSE 100 broke strong resistance level 8400.00 - Likely to rise to resistance level…

21 hours ago

Gold Wave Analysis 21 January 2025

- Gold under bullish pressure - Likely to rise to resistance level 2785.00 Gold under…

21 hours ago

The pound declines after the rebound despite the labour market

Despite positive labour market figures in the UK, the pound has declined following a previous…

1 day ago