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NZDJPY Bounced Off Support, Potential Rise

Long
Dollaro neozelandese / Yen giapponese (FX:NZDJPY)  
ICmarkets Broker  
FX:NZDJPY   Dollaro neozelandese / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY NZD jpy EUR aud CAD chf
71
0
trendanalysis harmonicpatterns chartpattern nzdjpy nzd jpy eur aud cad chf
NZDJPY bounced nicely off its support at 72.76 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 73.35 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is bounced off its support at 4.4% and there may be bullish divergence where a corresponding bounce could occur.
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