NZD/JPY falling inside minor impulse wave (iii)

NZD/JPY falling inside minor impulse wave (iii)

  • NZD/JPY falling inside minor impulse wave (iii)
  • Next sell target - 75.60

NZD/JPY continues to fall inside the minor impulse wave (iii) which started earlier from the resistance trendline of the sharp daily down channel from the end of January (as can be seen below). The active impulse wave (iii) belongs to the minor impulse 5 of the intermediate impulse wave (3) from the middle of February (which is itself a part of the long-term downward impulse wave ③ from January).  

NZD/JPY is expected to fall further to the next sell target at the support level 75.60 (former strong support from November and the target price for the completion of the active impulse wave (3)).

Similar

AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…

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