NZDJPY approaching resistance, potential drop!

١٩ سبتمبر ٢٠١٨

NZDJPY is approaching our first resistance at 74.12 (horizontal overlap resistance, 23.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, descending resistance line) where a strong reaction might occur pushing price down to our major support at 73.25 (horizontal swing low support, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and is seeng a bearish divergence where we might see a corresonding drop in price.
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