NZD/JPY Approaching Resistance, Prepare For Reversal
February 25, 2019 7:21 am
NZD/JPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 76.31. Stop loss at 77.33. Take profit at 75.14.
The material has been provided by InstaForex Company – www.instaforex.com
NZD/JPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 76.31. Stop loss at 77.33. Take profit at 75.14.
The material has been provided by InstaForex Company – www.instaforex.com
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