NZDJPY approaching support, potential bounce!
NZDJPY is approaching our first support at 76.35 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 77.21 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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