Major NZD/JPY Level In Play

The pair is at a major level of resistance/support over the last SEVEN years. Good for a shot at a short-term short or a spot to take some profits to reinvest at cheaper levels?

EDIT: FONTERRA just announced a major dividend cut and reduced forward guidance. That's a pretty big deal. FONTERRA is to NZ what mining is to AU. Before deciding how to act be sure to give this some serious thought.