Nice idea on NZDJPY and there may be bullish bias as you have identified using the RSI and AO. For our set up, we have identified the key support and resistance levels. The support that we have identified is at 72.76. It is a horizontal swing low support, with a 100% Fibonacci extension and 76.4% Fibonacci retracement. Stochastic is approaching its support at 4.4% and a corresponding bounce could occur. If a corresponding bounce does occur, we may want to look at the 73.3 resistance level. It is a horizontal overlap resistance with a 100% Fibonacci extension and 38.2% 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.