NZDJPY - Oct-19 (4 hour) - H4

In the NZDJPY currency pair, we see that the price is in a situation where it can move in two ascending or descending states, which we intend to examine in both cases. In the first case, the price faces two resistances and can deal with these lines. The price will fall to 68.72. But in the second case, the price can fall to the 23% Fibonacci index at 69.24 and then rise to the 78% Fibonacci index at 70.65.



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