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Mayyad

Short at the end of Wave 4

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Mayyad  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Wave Analysis nzdjpyshort NZDJPY elliottwaveprojection elliotwaveanalysis elliottwaveforecasts elliottwavecorrection elliottwaveretracement
4
0
waveanalysis nzdjpyshort nzdjpy elliottwaveprojection elliotwaveanalysis elliottwaveforecasts elliottwavecorrection elliottwaveretracement
NZDJPY has completed waves 1, 2, and 3 in its descent from 75.954. Wave 4 is forming and expected to retrace up to Fibo lvl 38.2 of Wave 3 (72.695). A short entry from there is possible with targets set at inverse Fibo levels 100, 123.6, and 161.8 of Wave 4 as shown on the chart.

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