InvestMate|NZD/JPY So what, are we falling?🥝

🥝NZD/JPY So what, are we falling?

🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall.

🥝That will also be the case this time.

🥝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.

🥝We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels.

🥝The most significant support zones will be two zones.

🥝 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.

🥝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.

🥝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.

🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.

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