Technical analysis

NZDJPY Wave Analysis – 26 May, 2021

• NZDJPY broke resistance level 79.10

• Likely to rise to resistance level 80.00

NZDJPY today broke above the resistance level 79.10 (which has been steadily reversing the price from the end of February).

The breakout of the resistance level 79.10 continues the active intermediate impulse wave (3).

If the price closes today above 79.10 – NZDJPY can then be expected to rise further toward the next round resistance level 80.00.

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