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NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock 
- Minor resistance - 161.65 (trend line joining 163.96 and 162.09)
- Major support - 160
- The pair has recovered after making a low of 160.35. It is currently trading around 161.34.
- On the higher side minor resistance is around 161.65 and break above targets 163/163.95.
- The major support is around 160 and break below will drag the pair down till 158.70/155.90.
- Short term bearish invalidation only above 164.
It is good to buy above 161.65 with SL around 161 for the TP of 163/163.80
