NZD/JPY broke strong support level 78.20

NZD/JPY broke strong support level 78.20

  • NZD/JPY broke strong support level 78.20
  • Next sell target - 76.50

NZD/JPY today broke below the strong support level 78.20 (which stopped the previous minor impulse wave A at the start of September, as can be seen below). The breakout of this support 78.20 should accelerate the active impulse wave C which belongs to the intermediate ABC correction (2) from the end of July. NZD/JPY is expected to fall to the next sell target at the next support level 76.50 (which reversed previous wave 2 in May).



USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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