Klimex

NZDJPY Approaching Resistance, Prepare For A Reversal

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen



NZDJPY is approaching its resistance at 75.524 (61.8%% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 74.849(100% Fibonacci extension , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.


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