NZD/JPY broke support area

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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