Currency pair New Zealand Dollar to Japanese Yen NZD/JPY is trading at 78.599. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair NZD/JPY. The currency pair is expected to fall near the level of 78,200, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 79.400.
Forex forecast NZD/JPY on May 30, 2017
Earlier, a weak signal was received for buying a pair of New Zealand Dollar to Japanese Yen, due to the crossing of signal lines at 77.200. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 77.300, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/JPY is with the breakdown of the local maximum area at 79.200.
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