Categories: Technical analysis

NZDJPY Wave Analysis – 22 May 2025

NZDJPY: ⬇️ Sell

– NZDJPY reversed from resistance zone

– Likely to fall to support level 84.00

NZDJPY currency pair recently reversed down from the resistance zone between the resistance level 87.30 (which has been reversing the price from February, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from November.

The downward reversal from the resistance zone stopped the previous intermediate ABC correction (A).

Given the overriding daily downtrend, NZDJPY currency pair can be expected to fall to the next support level 84.00 (low of the previous minor correction B).

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

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

1 hour ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

1 hour ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

6 hours ago

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

13 hours ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

1 day ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

1 day ago

This website uses cookies