ICmarkets
Long

NZDJPY Approaching Support, Potential For A Bounce

OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is approaching its support at 74.13 (100% Fibonacci extension x2, 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 74.98 (61.8% Fibonacci retracement , horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
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