NZDJPY continues to rise in the active minor impulse wave 3, which started earlier from the support zone lying between the pivotal support level 83.000 (former low of wave (2) from June, as can be seen below),
the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse wave (1) from May. Given the clear multi-month uptrend and the rising bearish yen sentiment seen across the FX markets
lately, NZDJPY currency pair can be expected to rise further toward the next resistance level 85.000.
NZDJPY reversed from support zone 83.000; Likely to rise to resistance level 85.000.
