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NZDJPY Bounced Off Support, Potential Rise

Por ICmarkets
Broker
NZDJPY bounced nicely off its support at 72.76 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 73.35 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is bounced off its support at 4.4% and there may be bullish divergence where a corresponding bounce could occur.
audCADChart PatternschfEURHarmonic PatternsjpyNZDNZDJPYTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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