NZDJPY currency pair recently reversed up from the support zone located between the support level 75.660 (former Double Top from January), lower daily Bollinger Band and the support trendline from the middle of last December. The upward reversal from this support zone started the active impulse wave 5 – which belongs to wave (3) from last September. Given the continued yen bearishness seen across the currency markets today today – NZDJPY currency pair is expected to rise further toward the next resistance level 79.000 (which stopped the previous waves 3 and (b)).