NZDJPY recently revered up sharply from the support area lying between the key support level 63.600 (which stopped the previous impulse waves 1 and (i)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous ABC correction (2) from the middle of March. With the strong bullish sentiment affecting New Zealand dollar today – NZDJPY is expected to rise further toward the next resistance level 66.000 (which has reversed the pair multiple upward waves from March – including the latest corrections (ii) and 2).