What happened? Japanese shares fell on Monday…
NZD/JPY reached buy target 82.50
2019-11-11 • Updated
- NZD/JPY reached buy target 82.50
- Next buy target - 83.60
NZD/JPY today broke above the key resistance level 82.50 (which reversed the previous B-wave in the middle of February and which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 82.50 accelerated the active minor impulse waves (v) and 3 – both of which belong to the sharp intermediate impulse wave (C) from the start of April. NZD/JPY is expected to rise to the next buy target at the resistance level 83.60 (top of waves 3 and (A) and the forecast price for the completion of the impulse wave 3).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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