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NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
- Major resistance- 144.07 (89- 4H EMA)
- Major support – 142.15 (Dec 29th 2016 low)
- GBP/JPY has made low of 142.49 and jumped sharply till 144.07 from that level. It is currently trading around 143.50.
- Short term trend is still bearish as long as intraday support 144.07 (89- 4HMA) holds.
- Any violation below minor support 143.50 will drag the pair down till 143/142.50/142.15/140 in the short term.
- On the higher side, any break above 144.07 will take the pair to next immediate resistance at 145/ 145.40 (Jan 3rd 2017 high)/146.
It is good to sell on rallies around 143.55-143.60 with SL around 144.07 for the TP of 142.51/142.20
Resistance
R1-144.07
R2-145
R3- 145.40
Support
S1-143.50
S2-142.50
S3- 142.15
