NZD/JPY Technical Analysis.

NZD/JPY currently trading at 61.10, previously traded at this price in may 2012. It broke the support level at 62.86 to from a new down trend and touched its support zone. Currently trading at its 8 years low price, but there is a significant chances of reversal from this point. If it breaks the level of 62.55 then it is possible for the price to come in up trend, and then it may hit the first resistance level at 64.18.