NZDJPY: Don’t chase the rebound, wait for confirmation above New Zealand Dollar / Japanese YenFOREXCOM:NZDJPYYenSenseiNZDJPY: Don’t chase the rebound, wait for confirmation above Japanese wisdom says: “A cane before falling” — 転ばぬ先の杖.NZDJPY bounced sharply from 93.20, but the move is now testing the first real checkpoint near 93.44. This area matters because it is the latest reaction zone, close to the EMA 20 and the first barrier after the rebound. Momentum is improving: price is back above EMA 9, MACD has turned positive, and buyers defended the 93.20 support. Still, the pair needs confirmation before the rebound becomes a cleaner long setup. Preferred setup — conditional long: Entry: after a 30-minute close above 93.44 and a successful retest Stop loss: 93.19 TP1: 93.60 TP2: 93.73 TP3: 93.90 A 30-minute close below 93.20 would invalidate the rebound scenario and return attention to 93.00. Breakout or rejection? This material is intended for informational purposes only and does not constitute investment advice or a personalized investment recommendation.