NZDJPY Wave Analysis – 27 November, 2019

• NZDJPY broke resistance level 69.80
• Likely to rise to 71.00

NZDJPY recently broke the resistance level 69.80 (which has been steadily reversing the price from the start of September).

The breakout of the resistance level 69.80 continues the active short-term impulse wave (c) of the ABC correction 2 from August.

NZDJPY is expected to rise further in the active impulse wave (c) toward the next resistance level 71.00.