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NZDJPY approaching resistance, potential drop!

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Dollaro neozelandese / Yen giapponese (FX:NZDJPY)  
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FX:NZDJPY   Dollaro neozelandese / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY NZD jpy nzdjpylong nzdjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern nzdjpy nzd jpy nzdjpylong nzdjpyshort forex forextrading forexsignals
NZDJPY is approaching our first resistance at 77.62 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 76.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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