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NZD/JPY broke support area

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  • NZD/JPY broke support area
  • Next sell target - 75.70

NZD/JPY recently broke through the support area lying between the support levels 77.40 and 77.80. The breakout of this support area accelerated the active minor impulse wave C of the intermediate ABC correction (2) from the end of July. NZD/JPY is expected to fall toward the next sell target at the next support level 75.70 (multi-month low from April and the target price for the completion of the active wave (2)).

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