NZDJPY facing bullish pressure | 30 Mar 2021
Prices are facing bullish pressure from horizontal pullback support which coincides with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push higher towards our take profit which is a horizontal swing high resistance and coincides with 161.8% Fibonacci extension. If prices fall through our buy entry, prices might take support from horizontal swing low support which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci retracement. EMA is also below prices, showing a bullish pressure on prices.
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