Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50

Easing geopolitical tension helped NZDJPY exhibit a small pullback. It reached an intraday high of 93.46 and is now about 93.30. If the 94.20 resistance stays, the downtrend looks to be moving toward favorability.

Technicals	CMP -92.298	Trend
4- Hour chart	Value
55 EMA	93.48	CMP<value	Bearish
200- EMA	93.47	CMP <value	Bearish
365- EMA	93.21	CMP>value	Bullish

 Near-term resistance - 93.60/94/94.40/95/95.50/96.15/96.85/97.25. Near-term support- 92.40/91.80/91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bearish	-41.27
ADX	Neutral

 It is good to sell on rallies around  93.28-30 with SL around 94 for a TP of 90.50/90.