NZDJPY got stuck between upper limit of bearish regression channel (blue line on the chart) and strong support at 73.20 level (red line on the chart). Because, the first of mentioned levels has already been tested it is likely that in short term there will be another test of support at 73.20 level.
However, in a long term 73.20 level is strong enough to start new upward impuls in direction 77.00. You can see on chart D1 how important was that level. Despite of few breakouts the price is always returned between 73.20 – 77.00.
