NZDJPY continues to rise after the earlier breakout of the resistance level 70.800 (top of the previous short-term corrective wave (a) from the start of July). The breakout of the resistance level 70.800 accelerated the active (c)- wave of the ABC correction 2 from the middle of June. Given the rising bullish sentiment affecting New Zealand dollar – along with the widespread yen bearishness – NZDJPY is likely to extend the gains toward the next resistance level 71.650 (top of the corrective wave (2) from the start of June).