NZDJPY approaching support, potential bounce!
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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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