NZDJPY recently reversed up from the support zone located at the intersection of the key support level 71.80 (which reversed the previous waves 4 and (1), as can be seen below), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from November. With the rising bullish sentiment affecting New Zealand dollar at the moment – NZDJPY is likely to remain under the bullish pressure and extend the gains toward the next strong resistance level 73.00 (which has been reversing the price from July).