http://i.imgur.com/6KFGtiD.png
analysis for today 12 / 16 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 91.42
Retracement (50%) 91.59
retracement (61,8%) 91.76
Extensions (61.8%) 90.00
Extensions (100.0%) 89.46
Extensions (138.2%) 88.92
Extensions (161.8%) 88.58
calculation based on a Fibonacci retracement then today I choose sell