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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
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY NZD jpy nzdjpylong nzdjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern nzdjpy nzd jpy nzdjpylong nzdjpyshort forex forextrading forexsignals
NZDJPY is approaching our first resistance at 77.36 (horizontal swing high resistance, 76.4% Fibonacci retracement, descending channel resistance, where a strong drop might occur below this level pushing price down to our major support at 76.83 (100% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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