There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
NZD/JPY falling inside minor impulse wave C
- NZD/JPY falling inside minor impulse wave C
- Next sell target - 76.20
NZD/JPY continues to fall inside the minor impulse wave C, which started earlier from the resistance zone lying between the resistance level 78.50, upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse wave A from the end of January. NZD/JPY is likely to fall toward the next sell target at the next support level 76.20 (which stopped the previous waves (1) and A).
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