NZDJPY approaching resistance, potential drop!
NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement).
RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below 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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