NDZJPY Approaching Resistance, Potential Reversal!
NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 73.11 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is also approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is also approaching its resistance at 98% where a corresponding reversal could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.