NZD/JPY Facing EMA Resistance Below 90: Is a Bearish Continuation Underway?

NZDJPY showed a minor dip after a pullback of nearly 90 pips. The downtrend seems to be leaning toward a favorable outcome if the 90 resistance holds.

Technicals	CMP-88.62	Trend
1- Hour chart	Value
55 EMA	88.67	CMP<value	Bearish
200- EMA	88.86	CMP <value	Bearish
365- EMA	89.30	CMP<value	Bearish
EMA	90.43	CMP<Value	Bearish

 Near-term resistance - 89/89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.

Momentum indicator	Inference	Value
CCI(50)	Bullish	122.98
ADX	Neutral

 It is good to buy on dips around 88.48-50 an SL around 88 for a TP of 90.