Tickmill

NZDJPY approaching major support, prepare for a bounce!

Panjang
FX:NZDJPY   Dolar New Zealand / Yen Jepun

NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur.

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