In the forex world, the NZD/JPY pair has confirmed below the daily Ichimoku cloud. In the cryptocurrency world, the e-sports betting platform Unikrn is ready to expand their real money offering throughout 80 % of Europe.
NZDJPY Confirms Below Daily Ichimoku Cloud
The NZD/JPY pair confirmed below the daily Ichimoku cloud as the Tenkan line crosses below the Kijun line. The next support is set at 78.71, while the pair could be moving within a longer-term range, between 83 and 76.
Kiwi Confirms Below Daily Ichimoku – NZDJPY Unikrn Update
We could see further drops towards our key support levels within the range. While we could still see a correction towards 79.63, the key pivot and support levels remain at 78.71 and 77.51 respectively.
Fundamentals:
The Japanese Yen has been strengthening ahead of the Oct. 22 snap election in Japan. While the consensus view remains for Prime minister Shinzo Abe to remain in power, it’s fair to keep an eye on the new Party of Hope, led by Tokyo Governor Yuriko Koike. Any ground gained by Koiki remains the outlier to watch. Overall, any significant loss of majority by Abe could lead to JPY volatility that could lead to Japanese Yen strength on uncertainty. With that, further drops in NZDJPY will be inevitable.
Unikrn Awarded License in Malta, Expanding to 80% of EU Zone
Major e-sports betting company Unikrn, throughout its highly successful cryptocurrency ICO, has announced a partnership with French bookmaker RPB to create an all-encompassing e-sports platform – known as Unikrn EU. On top of this, Unikrn has been awarded a gambling license in Malta, a move that will open up its platform to real-money wagering via its UnikoinGold crypto token.
UnikoinGold – which is based on the ERC-20 Ethereum standard and is currently being distributed via a token sale or ICO – is being deployed as a medium for real-money wagering in licensed jurisdictions. And, with the Malta license, that will mean 80% of the European continent.
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