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ICmarkets
Dec 17, 2018 3:45 AM

NZDJPY Approaching Support, Potential Bounce Long

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is approaching its support at 76.39 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 77.33 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.05% where a corresponding bounce could occur.
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