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NZDJPY approaching resistance, potential drop!

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Dollar New Zealand / Yen Jepang (OANDA:NZDJPY)  
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OANDA: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
Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ).
Stochastic (55,5,3) is also reacting off resistance where we might see a further drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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