Tickmill

NZDJPY approaching support, potential bounce!

Pembelian
FX:NZDJPY   Dollar New Zealand / Yen Jepang
NZDJPY is approaching our first support at 72.79 (Horizontal swing low support, 76.4% fibonacci retracement, 100% Fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 73.54 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.

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