GBP/NZD reversed from resistance zone Next sell target - 1…
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).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…