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NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds 
EUR/JPY reverses a BOJ-led spike to 132.30 and fell back to 130.40, but downside found support at 130.36 (1H - 5DMA).
- Price action is now consolidating above 131 levels, currently at 131.30, further bullishness only on break above 132.25.
- Stochs are at overbought and show a bearish crossover, but we will need further confirmation for downside.
- RSI is biased higher and has room to run, we will look for spikes to go short, bearish invalidation on breaks above 132.25.
- Breaks above 132.30 could see the pair at 132.80/133/133.90 levels.
- 131.77 (Dec 31st highs) and 130.36 (1H - 5DMA) are immediate resistance and supports for the pair.
- Focus now remains the BOJ press conference, with Kuroda's comment likely to grab a lot of attention.
