FX.co ★ NZDJPY likely to face bearish pressure

Appears that price is approaching and likely to resist off the horizontal overlap resistance in line with the 50% Fibonacci retracement and the 61.8% Fibonacci extension to take support at the 76.2 level. This level is in line with the horizontal pullback resistance, 50% Fibonacci extension and 50% Fibonacci retracement . Our bearish bias is also further supported by how price is holding below the EMA .