The 4-hour chart of NZD/JPY indicates that the pair is currently in downtrend.
The pair is currently in the strong support zone of 75.438.
The stochastic indicator has also a divergence, which indicates a weakening selling momentum.
Hence we expect the pair to be bullish until it reaches the zone of 76.586.
It seems NZD/JPY breached it's bearish trend price @ 76.000, From fibonacci retracement points it's expected to reach it's 38% retracement price @ 77.127.
after reached 38% retracement , there would be a pullback correction chance for long bullish trend
