NZDJPY sitting on support.

The NZDJPY is sitting on support which is the confluence of the 50% retracement of the June lows to July highs, and also the 24% retracement of the May lows to May/July highs. The risk is if we break the 69.75 level the market may see a double top forming and looks to target the 200dma at 68.75 or lower in the weeks ahead.