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New Zealand Dollar / Japanese Yen
Short

NZDJPY Approaching Resistance, Potential Reversal

By ICmarkets
Broker
NZDJPY is approaching its resistance at 78.14 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is has a potential to reverse down to its support at 77.70 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal might occur.
Chart PatternsForexforexsignalforextradingHarmonic PatternsjpyNZDNZDJPYnzdjpylongnzdjpyshortTrend 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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