FX.co ★ Daily Video Analysis: NZDJPY potential for further upside!

Today we take a look at NZDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. NZDJPY is facing bullish pressure from 100% Fibonacci extension and 61.8% Fibonacci retracement. There is a chance that prices can push up towards horizontal swing high resistance, in line with 78.6% Fibonacci extension. Prices are also above Ichimoku Cloud, showing a bullish pressure on prices, in line with our analysis.