• NZD/JPY is showing a reversal from channel base. The pair has hit lows of 73.81  before edging higher to currently trade at 74.26 levels.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-capped-below-50-DMA-bias-lower-216155) has achieved all targets. We recommend exiting trade. 
   
• Pair currently struggling at 4H 50-SMA at 74.2550, breaks above could see further upside. Test of 74.70 then likely.
   
• On the downside, the pair holds above 21-DMA at 74.0528, break below finds next major support at 73.80 (rising trendline).
   
• Break below 73.80 could drag the pair to 73.20 and then 72.55 levels.