NZDJPY almost without pullbacks, with one impulse forms a strong fall. The potential is starting to run out and the market will need a breather. The current wave may test the zone of interest at 85.268 and move into the correction phase
The price is ready to test the strong support at 85.268, the limit level is most likely still in the market and may hold the support area and thus trigger a correction and pullback to 0.5 fibo
Scenario: fall to 85.268, false breakdown and rebound to the first zone of interest (imbalance) 86.500
The price is ready to test the strong support at 85.268, the limit level is most likely still in the market and may hold the support area and thus trigger a correction and pullback to 0.5 fibo
Scenario: fall to 85.268, false breakdown and rebound to the first zone of interest (imbalance) 86.500
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.