NZDJPY Wave Analysis 29 April, 2021
April 29, 2021 @ 18:15 +03:00
• NZDJPY reversed from resistance level 79.10
• Likely to fall to support level 78.00
NZDJPY recently reversed down from the resistance level 79.10 (which has been reversing the price from the end of February – as can be seen below).
The resistance zone near the resistance level 79.10 was strengthened by the upper daily Bollinger Band.
Given the overbought daily Stochastic – NZDJPY is likely to fall further toward the next support level 78.00 (former resistance from the start of April).