NZDJPY recently reversed up from support area located between the key support level 77.830 (former resistance level which reversed the pair multiple times in April, as can be seen below) and the 38.2% Fibonacci correction of the upward impulse form March. The upward reversal from the support level 77.830 continues the active impulse waves (iii) and 3 from the end of March. Given the predominant daily uptrend – NZDJPY currency pair can be expected to rise further toward the next resistance level 79.000 (which has been reversing the price from the end of February).