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NZDJPY approaching major support, prepare for a bounce!

Long
Dollar Néo-Zélandais / Yen Japonais (FX:NZDJPY)  
Tickmill Courtier  
FX:NZDJPY   Dollar Néo-Zélandais / Yen Japonais
Trend Analysis Harmonic Patterns Chart Patterns NZDJPY nzdjpyshort nzdjpylong nzdjpysell nzdjpybreakout NZD jpy nzdjpybuy nzdjpysignal
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trendanalysis harmonicpatterns chartpattern nzdjpy nzdjpyshort nzdjpylong nzdjpysell nzdjpybreakout nzd jpy nzdjpybuy nzdjpysignal

NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance).

Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur.

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