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New Zealand Dollar / Japanese Yen
Long

NZDJPY approaching support, potential bounce!

By ICmarkets
Broker
NZDJPY is approaching its support at 76.21 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap support) wherea bounce could occur, causing price to rise to its resistance at 77.5 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic ( 55, 5, 3) is testing its support at at 6% where a corresponding bounce could occur.
Chart PatternsForexforexsignalsHarmonic PatternsjpyNZDNZDJPYnzdjpylongTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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