NZD/JPY broke resistance zone

NZD/JPY broke resistance zone

2019-11-11 • Updated

  • NZD/JPY broke resistance zone
  • Next buy target - 82.50

NZD/JPY continues to rise inside the minor impulse wave (v), which belongs to the C-wave of the intermediate ABC correction (2) from the start of April. The price earlier broke through the resistance zone lying at the intersection of the resistance level 80.50 (former powerful support from December and February), resistance trendline of the daily up channel from April and the 61.8% Fibonacci correction of the downward impulse from the end of January. NZD/JPY is expected to rise to the next buy target at the next resistance level 82.50 (target price for the termination of the active wave (C)).


Latest news

XAUUSD: Bears Prepare To Takeover
XAUUSD: Bears Prepare To Takeover

On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed's reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a "higher-for-longer" narrative, further weakened demand for gold...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera