What happened? Japanese shares fell on Monday…
NZD/JPY falling inside the C-wave
2019-11-11 • Updated
- NZD/JPY falling inside the C-wave
- Next sell target - 77.500
NZD/JPY continues to fall inside the C-wave of the intermediate ABC correction (2) from the middle of January. The active C-wave started earlier – when the pair reversed down from the resistance zone lying between the pivotal resistance level 0.6890 (former support level from January) and the 50% Fibonacci correction of the previous downward impulse from February. NZD/JPY is expected to fall further toward the next sell target at next support level 77.500 (top of the previous wave A).
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