NZD/JPY bounced nicely off its support at 77.34 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 77.94 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.8% where a corresponding rise could occur.
NZD/JPY bounced nicely off its support where we expect to see a further rise.
Buy above 77.34. Stop loss at 76.83. Take profit at 77.94.
