NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds

NZDJPY showed a minor pullback as the Yen loses momentum. The downtrend seems to be leaning toward favorability if the 90.60 resistance holds.

Technicals	CMP -90.02	Trend
1- Hour chart	Value
55 EMA	89.96	CMP>value	Bullish
200- EMA	91.53	CMP <value	Bearish
365- EMA	92.23	CMP<value	Bearish
EMA	92.42	CMP<Value	Bearish

 Near-term resistance - /90.60/90.97/91.80/92/92.30/93.20. Near-term support- 89/88

Momentum indicator	Inference	Value
CCI(50)	Bullish	41.30
ADX	Neutral

 It is good to sell on rallies around  90.18-20 with an SL around 91 for a TP of 88.