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 support area
- 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)).
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…