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FxWirePro: USD/JPY edges higher but bulls lack punch 
• EUR/NZD initially gained but rally fizzled as investors digested ECB’s rate decision.
•The European Central Bank (ECB) raised borrowing costs and signalled more policy tightening in its fight against sticky inflation on Thursday.
• The pair retreated from today's high. EUR/NZD ‘s focus is on 1.7629, a break below will accelerate losses
• Technical signals show the pair could gain more ground as RSI is at 51 bullish, and 5, 9,11 DMA’s are trending north.
• Immediate resistance is located at 1.7629(38.2% fib), any close above will push the pair towards 1.7702 (June 9th high).
• Immediate support is seen at 1.7529 (5 DMA) and break below could take the pair towards 1.7505 (50% fib).
Recommendation: Good to buy around 1.7550 , with stop loss of 1.7400 and target price of 1.7630
