Technical Analysis for the Pair NZDJPY - By Using Multiple Timeframes

First of all, we need to find out Support and Resistance. Regarding the Pair NZDJPY i have been using weekly and Montly chart to find out the support, Resistance and Trend. In this particular charts i have found that level 75.75 as a support and Resistance levels are 79.80 and 83.20.

if we look at  Daily Timeframe Down Trend is exist

Possibilites
1. If it does break out and form Higher High and Higher low in Daily Timeframe then it takes rally to the level 79.80 further leve 83.20

2. If downtrend continues and Retest Level 75.75 then it will go down to level 68.90

Conclusion
As weekly chart shows that the level 75.75 is Significant Support which might be hard to break. At that level it has been many times bounce backed. It is possible level to turn to up.