NZDJPY approaching pivot, potential for bounce

22 thg 6, 2021

NZDJPY is approaching pivot in line with horizontal overlap support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support from horizontal swing low support in line with 161.8% Fibonacci extension and 88% Fibonacci retracement. MACD is also showing more of a bullish pressure on prices.