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Dollar New Zealand / Yen Jepang
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NZDJPY approaching support, potential bounce!

Oleh ICmarkets
Broker
NZDJPY is approaching our first support at 76.06 (horizontal overlap support, 76.4% Fibonacci retracement) where price might potentially bounce above this level and rise to our first resistance at 76.97 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above this level might push price up to our second resistance at 77.52 (horizontal swing high resistance, 50% Fibonacci retracement).
RSI is also testing support and a bounce off this level might see a corresponding rise in price.
Chart PatternsForexforexsignalsforextradingHarmonic PatternsjpyNZDNZDJPYnzdjpylongnzdjpyshortTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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