FXCM

NZDJPY approaching pivot, potential for bounce

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is approaching pivot in line with horizontal overlap support in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . If prices continue to push down, prices might take support from horizontal swing low support in line with 161.8% Fibonacci extension and 88% Fibonacci retracement . MACD is also showing more of a bullish pressure on prices.
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