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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 
- Major resistance- 1.0550 (support turned into resistance).
- Major support – 1
- The pair declined drastically yesterday till 0.99961 and shown a minor pull back from that level. It is currently trading around 1.00246.
- Short term trend is still bearish as long as resistance 1.00550 holds.
- Any violation above 1.00550 will take the pair to next level till 1.00832 (61.8% retracement of 1.01364 and 0.99965)/1.01365 (Jan 16th High).
- On the lower side any close below 1 confirms that jump from 0.9549 till 1.03435 got over and a decline till 0.9950/0.9820 is possible.
It is good to sell on rallies around 1.00500 with SL around 1.0085 for the TP of 0.9950
Resistance
R1-1.00550
R2-1.00835
R3- 1.01365
Support
S1-1
S2-0.9950
S3- 0.9825
