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  • The NZD/JPY pair again bounced off the month-long support-line during early Monday and is presently rising towards 74.45-50 resistance-area.
  • During the pair’s extended up moves past-74.50, 74.70. 75.15 and 75.55 may offer intermediate halts during its rally to 75.90.
  • In case prices slip under 73.90 support-line then the sellers can aim for 38.2% Fibonacci retracement of its recent surge, around 73.40.
  • Assuming the Bears capacity to rule after 73.40, 72.90 and 72.40 may become their favorites.
  • While gradually recovering 14-bar relative strength index (RSI) signal the pair’s rise, successful break of 74.50 seem prerequisite to justify the strength of momentum.

NZD/JPY 4-Hour chart

Overview:
       Today Last Price:  74.34
       Today Daily change:  23  pips
       Today Daily change %:  0.31%
       Today Daily Open:  74.11
Trends:
       Daily SMA20:  74.54
       Daily SMA50:  75.07
       Daily SMA100:  75.12
       Daily SMA200:  75.17
Levels:
       Previous Daily High:  74.28
       Previous Daily Low:  73.82
       Previous Weekly High:  75.93
       Previous Weekly Low:  73.82
       Previous Monthly High:  75.54
       Previous Monthly Low:  68.2
       Daily Fibonacci 38.2%:  74
       Daily Fibonacci 61.8%:  74.11
       Daily Pivot Point S1:  73.86
       Daily Pivot Point S2:  73.61
       Daily Pivot Point S3:  73.39
       Daily Pivot Point R1:  74.32
       Daily Pivot Point R2:  74.53
       Daily Pivot Point R3:  74.78