FX.co ★ NZD/JPY Approaching Resistance, Prepare For A Reversal

NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.19 (50% Fibonacci retracement, horizontal overlap support).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

NZDJPY is approaching its resistance where we expect to see a reversal.

Sell below 74.11. Stop loss 74.50. Take profit at 73.19.