It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
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).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…