October 01, 2020 at 03:38PM

• NZDJPY broke resistance level 70.00

• Likely to rise to 71.00

NZDJPY recently broke the resistance level 70.00 (which was set as the likely upward target in our previous forecast for this currency pair).

The breakout of the resistance level 70.00 coincided with the breakout of the 38.2% Fibonacci correction of the  previous downward ABC correction (2) – accelerating the active impulse wave (1).

NZDJPY is likely to rise further toward the next resistance level 71.00 (which started the C-wave of the previous ABC correction (2)).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdjpy-wave-analysis-1-october-2020-20201001/
Selected by fonecable.com

Search Web: NZDJPY Wave Analysis 1 October, 2020

Recent Posts


Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published. Required fields are marked *

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES