NZDJPY facing bullish pressure | 30 Mar 2021

Prices are facing bullish pressure from horizontal pullback support which coincides with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push higher towards our take profit which is a horizontal swing high resistance and coincides with 161.8% Fibonacci extension. If prices fall through our buy entry, prices might take support from horizontal swing low support which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci retracement. EMA is also below prices, showing a bullish pressure on prices.