Technical Analysis – NZDJPY buyers challenge 100-day SMA at upper band of Ichimoku cloud

NZDJPY is attempting to climb above a key resistance area. The area consists of the 100-day simple moving average (SMA), the 69.67 resistance, the upper bound of the Ichimoku cloud and the 50.0% Fibonacci retracement of the down leg from 73.23 to 66.30. The stochastics have risen into the overbought zone but the %K has […]