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NZDJPY approaching resistance, potential drop!

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Dollar New Zealand / Yen Jepang (FX:NZDJPY)  
easyMarkets Broker  
FX:NZDJPY   Dollar New Zealand / Yen Jepang
Harmonic Patterns Trend Analysis Chart Patterns NZDJPY NZD jpy nzdjpylong nzdjpyshort Forex forexrtrading forexsignals
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harmonicpatterns trendanalysis chartpattern nzdjpy nzd jpy nzdjpylong nzdjpyshort forex forexrtrading forexsignals
NZDJPY is approaching our first resistance at 78.08 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 75.60 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding rise in price should it react below this level.
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