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NZDJPY Wave Analysis – 2 July, 2020

NZDJPY Wave Analysis – 2 July, 2020

  • NZDJPY broke resistance zone
  • Likely to rise to 71.5

NZDJPY today broke the resistance zone lying between the key resistance level 69.8 (top of the B-wave of the previous ABC correction (2)) and the 50% Fibonacci retracement of wave (2).

The breakout of the resistance zone continues the active medium-term upward impulse sequence (3) from the middle of June. NZDJPY is likely to rise further toward the next resistance level 71.5 (top of the previous waves (1) and B).

NZDJPY Wave Analysis – 2 July, 2020


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