ZAR JPY upside movement possible Buying above the 7.854 Stoploss 7.741 Target 8.279 W pattern create
ZAR JPY upside move possible Buying above the 7.699 Stoploss 7.54 Target 8.332
ZAR JPY upside move possible Buying above the 7.746 Stoploss 7.7 Target 7.938
Om Namah Shiva South African Rand is going weaker against Japan yen as it is visible from the Analysis. Respecting the levels will further confirm the move. Om Namah Shivay
Om Namah Shivay JPY looks going stronger against ZAR. The recent structure change of wxy/abc is a new beginning if there is a further impulse. Om Namah Shivay
With the currency crisis in Turkey, we expect the JPY remain elevated in the coming days, especially against the EM currencies ZAR and MXN. This morning ZARJPY breaking down the key support levels and fell rapidly. Weekly ceiling placed between 7.777-7.783. Sell at every spike with a target at 78.%-8.0% fib reaction