NZDJPY Wave Analysis 20 September 2024

– NZDJPY rising inside corrective wave ii

– Likely to rise to resistance level 91.65

NZDJPY currency pair continues to rise inside the minor corrective waves ii, which started earlier from the powerful support level 87.00, which has been reversing the price from the end of October.

The active wave ii belongs to the downward impulse sequence 3 from the end of August.

Given the strongly bearish yen sentiment that can be seen across the FX markets lately, NZDJPY currency pair can be expected to rise further to the next resistance level 91.65 (top of the previous minor correction 2).