NZDJPY Wave Analysis – 15 September, 2022

• NZDJPY reversed from resistance level 87.30

• Likely to fall to support level 85.00

NZDJPY currency pair recently reversed down from the key resistance level 87.30 (which has been reversing the price from the end of March), standing above the upper daily Bollinger Band.

The downward reversal from the resistance level 87.30 started the active short-term correction (ii).

NZDJPY can be expected to fall further toward the next support level 85.00 (target for the completion of the active wave (ii).