easyMarkets
Short

NZDJPY approaching resistance, potential drop!

FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement ).
RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below this level.
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