NZD/JPY reversed from support zone

NZD/JPY reversed from support zone

  • NZD/JPY reversed from support zone
  • Next buy target - 79.00

NZD/JPY recently reversed up from the support zone lying between the multi-month support level 76.20 (which reversed the earlier intermediate impulse wave (1) in November) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor corrective wave (ii).  NZD/JPY is likely to rise toward the next buy target at the next resistance level 79.00 (top of the previous wave B).

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