Our previous call (link below) has achieved targets.
Yen weakness across the board is keeping the pair from extending downside, NZD/JPY has pared losses and is currently trading around 74.90.
On the 2 hourly charts, momentum has turned positive, and Stochs have rolled over from oversold territory and line is on the verge of a crossover on signal line.
Immediate are aligned at 74.45 ( ) and 75.50 (Jan 20th highs) respectively.
Good to buy dips around 74.75/80, SL: 74.40, TP: 75.15/75.45
The pair is seeing some weakness after hitting highs of 76.42.
Low risk traders can book profits and exit trade.
We see some upside left, weakness below 75.45.