๐ฅNZD/JPY So what, are we falling?
๐ฅAs I have written in previous post featuring the Japanese yen pairs that we are ready to fall.
๐ฅThat will also be the case this time.
๐ฅThere 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.
๐ฅWe are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels.
๐ฅThe most significant support zones will be two zones.
๐ฅ 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.
๐ฅThe 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.
๐ฅThe 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.
๐ฅ*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
๐ฅAs I have written in previous post featuring the Japanese yen pairs that we are ready to fall.
๐ฅThat will also be the case this time.
๐ฅThere 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.
๐ฅWe are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels.
๐ฅThe most significant support zones will be two zones.
๐ฅ 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.
๐ฅThe 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.
๐ฅThe 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.
๐ฅ*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
๐If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ www.t.me/Investmatez ๐ฒ
๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ