NZDJPY facing bearish pressure | 27th July 2021Price is currently testing the weak H1 horizontal overlap support which is in line with the 38.2% Fibonacci retracement and 38.2% Fibonacci extension. Should price break this level, we can expect price to drop and take support at 76.516 which is in line with the 100% Fibonacci extension. 38.2% Fibonacci retracement as well as the horizontal swing low support. Our bearish bias is further supported by how MACD is holding below the 0 line.
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