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NZDJPY approaching major support, prepare for a bounce!

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Tickmill Broker  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY nzdjpyshort nzdjpylong nzdjpysell nzdjpybreakout NZD jpy nzdjpybuy nzdjpysignal
92
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trendanalysis harmonicpatterns chartpattern nzdjpy nzdjpyshort nzdjpylong nzdjpysell nzdjpybreakout nzd jpy nzdjpybuy nzdjpysignal

NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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