NZDJPY recently reversed up from the support area lying between the key support level 70.000 (former strong resistance from October and November, which created the previous Japanese candlesticks reversal pattern Morning Star) and the lower daily Bollinger Band. The upward reversal from this support area continues the active long-term impulse wave 3. Given the moderate negative sentiment affecting Yen today, NZDJPY is likely to extend the gains toward the next resistance level 71.000 (former strong support from the start of January). Nearby support stands at 70.000.