Nice idea on NZDJPY and there may be bearish potential as you have identified. The 1st resistance that we have identified is at 74.35. It is a 100% Fibonacci extension x2, 61.8% Fibonacci retracement and a horizontal swing high resistance. Stochastic is approaching its resistance at 96.5% where a corresponding drop could occur. If a potential drop does occur, we may want to look at 73.60 support level. It is 50% Fibonacci retracement and a horizontal overlap support. Looking forward to see how things develop.
Please have a look at our idea and we would like to hear your thoughts
Please have a look at our idea and we would like to hear your thoughts