NZDJPY continues its upward movement. Today it reached the highest level since February 2016. The increases are the consequence of successful break of resistance at 77.80 which took place on Monday. This level remained unbeaten for many months and this week it was finally broken.

Currently there may be two scenarios. The first is the quick move to the next resistance at 79.40 and there starting a correction and test of level 77.80. The second scenario is the early start of a correction and also testing the level of 77.80. In both cases there will be correction – level of 77.80 should soon be tested from top and there should appear rejection and confirmation of this as a new level of support.Wykres dla interwału H4.

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