NZDJPY approaching pivot, potential for bounce

NZDJPY approaching pivot, potential for bounce for FX:NZDJPY by FXCM

NZDJPY approaching pivot, potential for bounce



NZDJPY is approaching pivot in line with horizontal overlap support in line with 50% Fibonacci retracement and 100% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . If prices continue to push down, prices might take support from horizontal swing low support in line with 161.8% Fibonacci extension and 88% Fibonacci retracement . MACD is also showing more of a bullish pressure on prices.

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