NZDJPY Wave Analysis – 26 February 2025
- NZDJPY broke key support level 85.00
- Likely to fall support level 84.00
NZDJPY currency pair recently broke the key support level 85.00 (which stopped the previous minor impulse wave i at the start of February).
The breakout of the support level 85.00 accelerated the minor impulse wave iii of the C-wave which belongs to the extended ABC correction (2) from November.
Given the strong daily downtrend, NZDJPY currency pair can be expected to extend the losses toward the next support level 84.00, the target price for the completion of the active C-wave.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
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Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.