NZD/JPY has been in a constant bullish rally over 6 months. Breaking all major resistance levels this pair has been in a constant bull run. Since June 2012 the NZD/JPY bullish trend still continuies breaking all major resistance zones and making newer highs.
NZD/JPY has continuously been testing the trend line making lower lows and higher lows over the period of 2 years. Still expecting strong bullish trend on this pair with the breakout of the next immediate resistance levels at 86.30 levels.
NZD/JPY has been forming a strong ascending triangle pattern on the daily charts which confirms the intact of a strong bullish run.
Immediate resistance can call for some sells at the 86.30 levels but the breakout of the resistance will take this pair to newer highs of 98 levels.
On the other side break of this trend line to the down side can further take this pair to the next immediate support of the 75.00 levels.