NZD/JPY’s up trend resumed after brief consolidations, following broad based risk-on sentiment. Outlook stays bullish as long as 73.78 support holds, even in case of retreat. Next target is 100% projection of 63.45 to 71.66 from 68.86, at 77.07. As the current rally could be the end of a five wave sequence from 59.49, we’d look for topping signal around 77.07.
