What happened? Japanese shares fell on Monday…
NZD/JPY broke support area
2019-11-11 • Updated
- NZD/JPY broke support area
- Next sell target - 74.00
NZD/JPY recently broke the support area lying between the key support levels 76.00 and 75.00 (which have been reversing the price from the start of March). The breakout of this support area intensified the bearish pressure on this currency pair. NZD/JPY is expected to fall further toward the next sell target at the next support level 74.00 (target price from the completion of the active impulse wave C).
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For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
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