NZDJPY approaching resistance, potential drop!

NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
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Chart PatternsForexforexsignalsforextradingHarmonic PatternsjpyNZDNZDJPYnzdjpylongnzdjypshortTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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