NZDJPY D1New Zealand Dollar/Japanese YenFX:NZDJPYWinlouh🔎 Market Context Prior structure: Bullish (strong uptrend) Current phase: Loss of momentum / distribution Price failing to make higher highs → potential trend shift 🧠 Key Insight 👉 This looks like: Top formation → possible bearish reversal Rejection near 94.0 resistance Lower highs forming Trendline break already happening Buyers weakening 📍 Key Levels 🔴 Resistance 94.0 → major supply / swing high 🔵 Support / Targets 90.0 (0.5) → first key level 89.0 (0.618) → strong support 86.5 (0.9) → major downside target