Bullish View
NZD/JPY remains bearish at the time of writing this post. We are currently at 77.50 in a channel, after an initial move to the ATR target at 78.06 area.
Resistance on the daily chart may stall it at 77.94. Watch the US dollar index for any change in direction. The ATR for the NZD/JPY pair currently is 79 pips per day, and its 180-day average is 74 pips.