NZD/JPY currency pair analysis 20.01.2022

The descendant wave structures H4 and H2 are truncated at the moment. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure of H2 level.

Stop Loss is below the local minimum of the descendant pattern.

Target levels: 78.50; 79.20.