FX.co ★ NZDUSD: Support around 145.8

Overview:
GBP/JPY is consolidating after hitting 34-month high of 147.3 on Wednesday. The rate is undermined by reduced investor risk tolerance; profit-taking on yen-shorts; and Japan exporter sales. But GBP/JPY losses tempered by aggressive BOJ monetary easing stance; demand from Japan importers. Daily chart is still positive-biased as MACD is bullish, stochastic stays elevated at overbought, 5- and 15-day moving averages are rising.
Preference:
Buy above 145.8 with targets at 147.3 and 147.9 in extension.
Resistance levels:
R1 - 147.3
R2 - 147.9
R3 - 148.9
Alternative scenario:
Sell Below 145.8. Below 145.8 look for further downside with 144.85 and 144.25 as targets.
Support levels:
S1 - 144.85
S2 - 144.25
S3 - 143.75
Technical comment:
The pair stands above its support and should post a rebound as the RSI is turning up.