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- NZD/JPY edges lower from session highs at 75.18 after being rejected at major trendline resistance.
- Breakout above likely to see test of 76 levels.
- The pair finds major support at 74.38 (110-EMA), weakness only on break below.
- Technical indicators support upside in the pair, RSI strength seen at 60 with scope for further upside.
- Major support levels - 74.38 (110-EMA), 74.23 (55-EMA), 74
- Major resistance levels - 75.20 (trendline), 75.44 (Nov 1 high), 76 (trendline)
Recommendation: Good to go long on breakout above 75.20, SL: 74.75, TP: 76/ 76.36
