NZD/JPY Testing Resistance, Prepare For Reversal!

NZD/JPY is testing its resistance at 74.09(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 73.07(61.8% Fibonacci retracement, horizontal swing low support) is expected.

Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected.

NZD/JPY is testing its resistance where we expect to see a reversal.

Sell below 74.09. Stop loss at 74.71. Take profit at 73.07.

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