InvestMate|NZD/JPY So what, are we falling?đ„
đ„NZD/JPY So what, are we falling?
đ„As I have written in previous post featuring the Japanese yen pairs that we are ready to fall.
đ„That will also be the case this time.
đ„There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us.
đ„We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels.
đ„The most significant support zones will be two zones.
đ„ The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse.
đ„The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse.
đ„The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way.
đ„*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
đIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.đ
đ„As I have written in previous post featuring the Japanese yen pairs that we are ready to fall.
đ„That will also be the case this time.
đ„There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us.
đ„We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels.
đ„The most significant support zones will be two zones.
đ„ The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse.
đ„The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse.
đ„The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way.
đ„*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
đIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.đ
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