NZDJPY - Long squeeze before a rally. Bullish trendNew Zealand Dollar vs. Japanese YenFX:NZDJPYRLindaNZDJPY is consolidating following a distribution phase, while the broader trend remains bullish. The continued weakness of the Japanese yen is providing medium-term support for the pair The Japanese yen remains under pressure, which continues to favor the New Zealand dollar. From a technical perspective, NZDJPY is maintaining its bullish structure while consolidating within the 94.59–95.35 range. A false breakout below support could shift the short-term imbalance back in favor of buyers and trigger the next leg higher Resistance levels: 95.19, 95.35 Support levels: 94.59, 94.45 A false break below the 94.58–94.45 support zone, followed by a recovery back into the range and sustained consolidation above this key area, could become the technical catalyst for a continuation of the primary bullish trend Best regards, R. Linda