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ICmarkets
Feb 7, 2019 4:02 AM

NZDJPY Approaching Resistance, Potential Reversal! Short

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding bounce could occur.
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