NZD/JPY is approaching its resistance at 75.58 (100% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 73.71 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 98.8% where a corresponding reversal is expected.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 75.58. Stop loss 76.91. Take profit at 73.71.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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