NZD/JPY is approaching its resistance at 75.54 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 74.38 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 75.54. Stop loss 76.35. Take profit at 74.38.
The material has been provided by InstaForex Company -
www.instaforex.com