The daily candlesticks show price struggling through the 76.4% Fibo of the early Dec to Jan flash crash lows – located at the swing fractal high of 76.54. NZD/JPY is close to a test of the descending trend line resistance confluence with the 4hr 21 SMA, capped currently by the 21-hr SMA. Meanwhile, USD/JPY is heading for a test into the Ichimuko cloud on an hourly basis and a break below 110.75 will pressure the NZD/JPY cross towards S3 at 75.60. A break of the cloud support at 110.55 will likely attract Japanese sellers into the mix and squeeze NZD/JPY even lower for a test f the 61.8% Fibo confluence with a cluster of the 21-D SMA, 200-D SMA and 100-D SMA as a hard support area. NZD/JPY daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Struggle to continue between 0.7205 and 0.7080, Aussie Capex in spotlight FX Street 4 years The daily candlesticks show price struggling through the 76.4% Fibo of the early Dec to Jan flash crash lows - located at the swing fractal high of 76.54. NZD/JPY is close to a test of the descending trend line resistance confluence with the 4hr 21 SMA, capped currently by the 21-hr SMA. Meanwhile, USD/JPY is heading for a test into the Ichimuko cloud on an hourly basis and a break below 110.75 will pressure the NZD/JPY cross towards S3 at 75.60. A break of the cloud support at 110.55 will likely attract Japanese sellers into the mix and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
