NZDJPY is approaching our first resistance at 77.62 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 76.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.