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Tickmill
Feb 22, 2019 3:18 AM

NZDJPY approaching support, potential bounce! Long

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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