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New Zealand Dollar / Japanese Yen
Long

NZDJPY Bounced Off Support, Potential Rise

By ICmarkets
Broker
NZDJPY bounced nicely off its support at 77.34 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 77.94 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is bounced off its support at 5.8% where a corresponding rise could occur.
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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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