NZDJPY approaching resitsance, potential drop!
Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where we might see a drop below this level to our first support level (61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish bias.
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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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