NZD/JPY is approaching its resistance at 74.35 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 73.60 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 74.35. Stop loss 74.82. Take profit at 73.60.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.