NZDJPY currency pair recently reversed down from the powerful resistance zone lying between the key resistance level 79.000 (former monthly high from February and March) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous upward impulse wave (iii) – which belongs to the impulse wave 3 from March. Given the strong daily uptrend – NZDJPY currency pair can be expected to fall further toward the next support level 78.300 (former strong resistance level and the top of the previous impulse wave (i) from the middle of April).