Nice idea on NZDJPY and there may bullish bias as you have identified. The support level that we have identified is at 72.406, which is just below the support level that you have identified. It is a horizontal swing low support, with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastic is approaching its support at 2.3% and there a potential bounce may occur. If a potential bounce does occur, we may want to look closely at the 74.229 resistance level. It is a horizontal swing high resistance with a 61.8% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.