NZD/JPY - Market Update - Further downside?
Previously on this pair we've seen a major 78.60% Fibonacci rejection (followed with a minor 61.80% Fibonacci rejection). Everything has been indicating for price to reach a Minor Support of 78.280 - 79.000.
Unless we break 81.500 that would give us a indication to continue up. But everything is leaning towards a potential trend-change for this pair.
Previously on this pair we've seen a major 78.60% Fibonacci rejection (followed with a minor 61.80% Fibonacci rejection). Everything has been indicating for price to reach a Minor Support of 78.280 - 79.000.
Unless we break 81.500 that would give us a indication to continue up. But everything is leaning towards a potential trend-change for this pair.