NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
FxWirePro- Major Pair levels and bias summary 
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- Major support - 110.20 (trend line joining 102.89 and 104).
- CHF/JPY continuously showing weakness for the past twenty days and has broken major trend line support at 110.20 yesterday.
- Short term trend is still weak as long as resistance 111 (support turned into resistance) holds.
- Any break above 111 will take the pair till 112.25 (55- day EMA)/112.55 (61.8% retracement of 114.30 and 109.67)/113.
- On the lower side, break below 110.20 confirms minor weakness, decline till 109 (200- day MA)/108.60 (50% retracement of 101.73 and 115.51)/108.
It is good to sell on rallies around 110.20 with SL around 111.10 for the TP of 108.60/108.
Resistance
R1-111
R2 -112.25
R3- 113
Support
S1-110.20
S2-108.60
S3-108
