NZDJPY Chart Technical Outlook has limited trade value for bulls at high ground
NZD/JPY broad bias is bullish, but prices trade at high ground.
There is room for another upside-leg on positive technical indicators and retailers’ sentiment.
The muted risk sentiment ahead of Powell’s speech today could limit the rally.
I prefer to be neutral on the pair and look forward to buying dips instead.
Resistances: 89.90, 90.20
Supports: 88.65, 88.30