NZD/JPY is currently going down at the time of this post. We are currently at 76.75 and in a channel.
If we break the support, we are looking for an initial move to the average true range (ATR) target at 75.95.
Watch the DXY for any change in direction. The ATR for the pair currently is 83 pips per day and its 180-day average is 83 pips.