ICmarkets

NZDJPY Approaching Resistance, Potential Reversal!

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY is approaching resistance at 76.10(61.8% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizonal swing high resistance) where it could potentially reverse and fall to its supprot at 74.91 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

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