The recent NZD interest rate decision coupled with JPY strengthening has caused a plunge in the NZD/JPY. Should price fail to close above order block, further bearish continuation is expected.
Price is now currently in POC zone 74.42-52 area, targeting 74.74 previous swing low and subsequently 74.26, confluence of W H5 and -27.2 retracement.
This analysis is invalidated if price breaks 76.00 round level.
Cheers and trade safe,
Davin Wu aka AmbitionFX