Looking at your weekly chart NZDJPY has been in
an uptrend since Jan 30th 2009 and I labeled it wave 1 as itterminated at 69.56. The wave 2 has been sideways and took almost 9 waves in zigzag combinations
i.e triple three. it started from Oct 18
2009 and ended at May 27 2012 at 57.957 with a breakout leading to wave 3 taking price to 86.40. Wave 4 came in
correction and fell to74.44 which is near
75.094 which was the wave 4 of the previous wave 3 .for this reason I think wave 5 has started …
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