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Tickmill
Jan 29, 2018 2:23 AM

NZDJPY approaching major support, prepare for a bounce! Long

New Zealand Dollar/Japanese YenFXCM

Description


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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