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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 
- Major resistance- 145.20
- Major support – 142.40 (resistance turned into support)
- The pair is consolidating in narrow range between 145.20
and 142.50 for the three trading session .It has broken major resistance at 145.20 and is currently trading around 145.48. - GBP/JPY slightly dipped till 142.50 today morning and jumped sharply from that level. Any break below 142.50 will drag the pair down till 140.85 (10- day MA)/138.50 (Nov 29th low).
- On the higher side, any break above the high formed Dec 1st 2016 will take the pair till 146.76 (161.8 retracement of 145.20 and 142.50)/148/150.
- Short term weakness only below 135.
It is good to buy on dips around 145-145.20 with SL around 143.80 for TP of 146.75/148.
Resistance R1-146.75
R2-148
R3- 150
Support
S1-142.40
S2-140.85
S3- 138.50
