NZD/JPY is approaching its resistance at 78.14 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 77.70 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
NZD/JPY is approaching its resistance where we expect to see a reversal.
Sell below 78.14. Stop loss 78.44. Take profit at 77.70.
