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NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play 
- Major support: 6210 (200 day 4HMA)
- Major resistance - 6300 (55 day 4H EMA)
- The index has retreated after making a high of 6290. It is currently trading around 6210.
- Short term trend is weak as long as resistance 6300 holds. Any break above 6300 will take the index up till 6350/6410/6450.
- Overall trend reversal only above 6450 level.
- On the lower side any break below 6210 will drag the index down till 6105/6060/6000.
It is good to sell below 6210 with SL around 6300 for the TP of 6105/6060
