NZDJPY Wave Analysis 14 January 2025

- NZDJPY reversed from key support level 87.00
- Likely to rise to resistance level 89.40

NZDJPY currency pair recently reversed up from the key support level 87.00, which is the lower border of the sideways price range inside which the pair has been moving for the last few weeks.

The support level 87.00 was also strengthened by the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

NZDJPY currency pair can be expected to rise to the next resistance level 89.40 (upper border of the active sideways price range and the top of the previous waves B and 1).