NZDJPY Can See A Reversal Lower In The Near-term

Jun 14, 2017

NZDJPY touched 80.00 area which may be a very interesting resistance right into the FOMC event. We also see a structure of an ending diagonal in wave five of C so ideally price will turn down soon. But as always I like to wait on a confirming price action, which in our case would be an impulsive decline and close beneath 78.91 area. In such case we would start looking lower for aggressive weakness.


Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.