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NZD/JPY reversed from support zone

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  • NZD/JPY reversed from support zone
  • Next buy target - 77.50

NZD/JPY recently reversed up from the support zone lying between the long-term support level 75.50 (which has been reversing the price from and the start of 2017) and the lower daily Bollinger Band. The upward reversal from this support zone is set to create the weekly Hammer – strong bullish signal. With the oversold weekly Stochastic, NZD/JPY is expected to rise further toward the next buy target at the next resistance level 77.50.

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