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NZDJPY approaching support, potential bounce!

Por ICmarkets
Corretora
NZDJPY is approaching our first support at 73.46 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 74.02(23.6% Fibonacci extension, horizontal pullback resistance).

Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.

Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Chart PatternsforexanalysisforexsignalsforextradingHarmonic PatternsjpyNZDNZDJPYTrend Analysis
ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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