Categories: Technical analysis

NZDJPY Wave Analysis – 22 May 2023

• NZDJPY broke key resistance level 86.00

• Likely to rise to resistance level 87.85

NZDJPY rising strongly after the price broke the key resistance level 86.00 (which stopped the previous short-term impulse wave (i) at the start of May).

The breakout of the resistance level 86.00 accelerated the minor C-wave of the active ABC correction (2) from the end of March.

NZDJPY can be expected to rise further toward the next resistance level 87.85 (target price for the completion of the active impulse wave C, top of the wide weekly sideways price range from 2022).

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

Dow Jones Wave Analysis – 17 December 2025

Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…

3 hours ago

Comcast Wave Analysis – 17 December 2025

Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…

3 hours ago

Platinum Wave Analysis – 17 December 2025

Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…

4 hours ago

Silver Wave Analysis – 17 December 2025

Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…

4 hours ago

The labour market did not scare the Fed

The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…

8 hours ago

The crypto rebound fades with a 40% drop possible

Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…

10 hours ago

This website uses cookies