Technical analysis

NZDJPY daily

Market 21 above 55 flat , Price 5 crosses 8 flat , stochastic is overbought. Price is expected to come off support at MPP (61,8 fib) and expected to move up to its target MR2.

Source: MT4

NZDJPY 4h

Market 21 above 55 flat , Price 8 above 5 bearish but its turning , stochastic is overbought. Price came off of support at WM1 and expected to move to resistance at WM2 or MPP (61,8 fib or 38,2) and moving down to its targets.

Source: MT4

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