NZD/JPY Approaching Support, Prepare For A Bounce

The NZD/JPY pair is approaching its support at 76.39 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 77.33 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is nearing its support at 1.05% where a corresponding bounce could occur.

NZD/JPY is approaching its support where we expect to see a bounce.

Buy above 76.39. Stop loss at 75.52. Take profit at 77.33.


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