NZDJPY Chart Technical Outlook

NZDJPY Chart Technical Outlook 2610.8% extension located at 90.35
We have seen a strong recovery since posting the 87.09 swing low on October 3. We have a 261.8% extension level located at 90.36. This could be seen as the end of a fifth wave, the Elliott Wave completion. We have a trend of higher highs located at 90.15.
Traders must be wary of possible Bank of Japan intervention. Strong support is located at 87.84.

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)