NZDJPY – Technical Analysis (1H)

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NZDJPY – Technical Analysis (1H)New Zealand Dollar/Japanese YenFX:NZDJPYAsif_Iqbal_chaudharyNZDJPY is trading inside a range, holding above a strong support zone around 92.00, while facing overhead resistance. 🟢 Bullish Scenario: If price holds above support and breaks & closes above the first resistance , upside momentum may continue toward the second resistance near 94.049, as marked on the chart. 🔴 Bearish Scenario: If price fails to break the first resistance and shows rejection, a range continuation or pullback toward 92.00 support is likely. A clear break below support would shift bias bearish. 📊 RSI: Near mid-levels, indicating neutral momentum — direction will depend on breakout confirmation. ⚠️ Plan: Trade the break and close, avoid entries inside consolidation.