NZDJPY is suppressed by the resistance at 75.55. The decline should confirm that the completion of the forth wave. And it'll test the support at 75.5, the 38.2% retracement of 76.55 to 73.85. Further decline should be seen to 75.00. Upside, though, break of 76.10 will turn focus back to 76.55 resistance instead.
The target is 75.00.
Turning point: 76.10.
Under 76.10, bearish , target price is set at 75.50, then 75.00.
Above 76.10, bullish , target price is 76.55.
RSI technical indicators are bearish and predict it's temperately correcting coz of over sold.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
The target is 75.00.
Turning point: 76.10.
Under 76.10, bearish , target price is set at 75.50, then 75.00.
Above 76.10, bullish , target price is 76.55.
RSI technical indicators are bearish and predict it's temperately correcting coz of over sold.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Commentaire:
TP1 reached.