Analysis for beginners: NZDJPY breaks up through the resistance

NZDJPY broke an important resistance at sek 79.90, which was tested two times.

Currently, the level should act as a support. The short-term trend is increasing.

We can not say that the growth is completely exhausted, but if we can freely speculate, we would say that korrektionssignalen should pop up in the area between 33% and 66%. Changed the sequence of bottoms and peaks may indicate that the correction is over.

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