NZDJPY approaching support, potential bounce!
NZDJPY is approaching our first support at 72.43 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fiobnacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 73.57 (horizontal overlap resistance, 100% fiboancci extension, 61.8% fibonacci retracement).
RSI (34) has seen a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) has seen a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.