NZDJPY has retraced to the 61.8% Fibonacci level, held by resistance. It has since moved down, but we can still sell at market as it is being capped by resistance. * We may see a move up in the short term if the cup and handle pattern plays out on the weekly, short-term, time-frame*
My stop loss level is above the recent high of 93.955 and my take profit above support at 70.000 (psychological number).
