NZDJPY - Approach on support, may bounce! SELL & BUY

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NZDJPY has already approached support on 29/05 then bounced back up by 40-45pips. Main Support level is around 70.99 - 71.10 - look for a possible retrace down then look at a BUY.

Be cautious around the support level, as it could break and head towards 2nd support. So trade with caution on this pair.

Apply the Stochastic: (89, 5, 3) is approaching its support at 1.8% where a corresponding bounce could occur.

Penafian

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