FX.co ★ NZD/JPY Approaching Support, Prepare For A Bounce!

NZD/JPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.

NZD/JPY is approaching its support where we expect to see it bounce.

Buy above 72.68. Stop loss at 71.76. Take profit at 74.95.

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