ICmarkets

NZDJPY approaching support, potential bounce!

Long
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
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.

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