NZDJPY recently broke through the resistance area lying at the intersection of the round resistance level 70,00(which has been reversing the price from the end of October), resistance trendline from March and the 50% Fibonacci correction of the previous downward impulse wave (C) from July. Given the strengthening bullish sentiment affecting the New Zealand dollar now  – NZDJPY is likely to remain under the bullish pressure and to rise toward the next resistance level 71.30 (former support from July and the target for the completion for wave (iii)).