JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch 
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115 
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
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Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch 
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AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115 
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
FxWirePro- Woodies pivot (Major) 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/FxWirePro-Bearish-Cypher-on-NZD-USD-dailies-go-short-on-break-below-069-217624/&media=https://f1.econotimes.com/2016/06/2edo2q7rpl.png&description=FxWirePro: "Bearish Cypher" on NZD/USD dailies, go short on break below 0.69 - EconoTimes)
- NZD/USD gives up some of the NPF led gains amid broad based US dollar rebound, and is trading just above the 0.69 handle.
- Thin trading on the back of a public holiday in New Zealand further seems to accentuate the down move.
- RBNZ’s meeting this week (which will be accompanied by a full Monetary Policy Statement) is a major event risk.
- On the technical side, we see a possible 'Bearish Cypher' pattern on NZD/USD daily charts.
- Pair is now taking a reversal from the 'Potential Reversal Zone: 0.6909 - 0.6973, but is holding above 0.69 handle.
- Break below could see test of 50-DMA at 0.6843.
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-edges-lower-from-session-highs-at-06813-momentum-higher-good-to-buy-dips-215551) has achieved all targets.
- Immediate focus now remains on speech to be delivered by Fed Chair Yellen later in the NA session today.
Recommendation: Book full profits. Go short on decisive break below 0.69 handle, SL: 0.6960, TP: 0.6860/ 0.6845/ 0.68
