[riki143]

NZD/JPY reached sell target 82.00
2/8/2017

NZD/JPY reached sell target 82.00
Next sell targets – 81.00 and 80.50
NZD/JPY continues to decline following the earlier breakout of the support zone lying between the support level 82.50 and the 38.2% Fibonacci correction level of the previous upward impulse from December. The breakout of this support zone intensified the bearish pressure on this currency pair – leading to the subsequent breakout of the next support level 82.00 (previous sell target set for this currency pair).

NZD/JPY is expected to fall to the next sell target at the support level 81.00 – the breakout of which can lead to further losses toward the next sell target at 80.50 (low of the previous correction (ii)).



More:
https://new.fxbazooka.com/analytics/12395