NZD/JPY broke two resistance levels

NZD/JPY broke two resistance levels

  • NZD/JPY broke two resistance levels
  • Next buy target - 80.00

 NZD/JPY recently broke through the two consecutive resistance levels – 78.00 and 78.50 – which coincide with the 38.2% and 50% Fibonacci correction levels of the previous sharp downward price impulse from the middle of January. The breakout of these resistance levels is aligned with the active impulse wave B from March. NZD/JPY is expected to rise toward the next buy target at next resistance level 80.00 (target price for the completion of the active wave B).

Similar

EUR/USD: bearish 'High Wave'

We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...

eur

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera