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GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217 
- NZD/USD extends gains on the back of Monday's upbeat CPI data to hit fresh 9-month highs at 0.6995.
- The pair has broken strong trendline resistance at 0.6950 on the 4-hourly charts and is on track for further gains.
- Momentum studies are bullish, though Stochs at overbought suggests some caution.
- Should the upside play out beyond June 2015 resistance located at 0.7011 test of 0.7200 (early 2015 lows) likely.
- Markets look forward to the GTS price index along with the RBNZ's decision later this month for further clues on direction.
- Immediate resistance is located at 0.70 and then at 0.7011 ahead of 0.7025. Supports are seen at 0.6950 (trendline), 0.6924 (5-DMA) and 0.6898 (April 13th lows).
Recommendation: Go long on break above 0.7015, SL: 0.6950, TP: 0.7085/0.71
