The NZDJPY currency pair in the 1-hour chart has broken out (red circle) from a symmetrical triangle formation earlier and shot up more than 100 pips. Still, the New Zealand dollar could further rise over the Japanese yen since its minimum upside target, which is gauged by projecting the height of the triangle from the point of breakout, has not yet been met. However, there is a noticeable resistance at 65.31 (indicated by the green line). Once the 65.31 price mark is breached, the NZDJPY could climb to 66.00. On the downside, once the price slips below the 64.85 support (indicated by the blue line), it could slide all the way down to 64.00.
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