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Klimex
Jan 4, 2019 2:27 AM

NZDJPY Approaching Resistance, Potential Reversal Short

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is approaching its resistance at 72.38 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially reverse to its support at 70.99 (horizontal swing low support, 50% Fibonacci retracement).

Stochastic (21, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
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