NZDJPY under bullish pressure | 25 June 2021

NZDJPY under bullish pressure | 25 June 2021 for FOREXCOM:NZDJPY by FXCM

NZDJPY under bullish pressure | 25 June 2021



NZDJPY drifted higher and is approaching our take profit level at 78.815. This also finds confluence with -27.2% Fibonacci retracement and also the high of 15 June 2021. With price holding above moving average, it is possible for an intraday bounce above our entry and 23.6% Fibonacci retracement level at 78.240.

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