- NZD/JPY is extending upside for the 4th consecutive session, has hit highs of 75.37 and is currently trading around 75.16 levels.
- The pair is struggling to extend gains beyond 100-DMA at 75.13, decisive break above will see gains upto 75.75 and then 76.
- Technicals support upside in the pair, Stochs and RSI are biased higher, MACD is on the verge of a bullish crossover on signal line.
- Markets jittery as EU’s membership poll gets underway, volatility to remain elevated till poll results tomorrow.
- Pair finds immediate resistance and support at 75.41 (June 1st highs) and 74.51 (20-DMA).
Recommend trading with tight stops, go long on dips around 75, target 75.40/ 75.80
