NZDJPY - Recovery Meets an Intermediate Supply Zone!NZD/JPYOANDA:NZDJPYRayannsrNZDJPY continues to respect its long-term bullish structure, with the blue ascending channel guiding price action for an extended period. The recent rebound from the lower channel support has kept buyers in control, allowing price to push higher toward the next technical obstacle. ⭕Before reaching the upper boundary of the channel, price is now testing a smaller supply zone where sellers may attempt to slow the current advance. If rejection develops, lower timeframes could provide opportunities to look for short setups. ⭕A decisive break above this supply zone would suggest that buyers remain in control, shifting attention toward the upper boundary of the ascending channel, where it aligns with the higher red supply area. The reaction from this supply zone may provide a better indication of whether the current rally needs a short-term pause, or if buyers are ready to continue pushing toward the next major resistance. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #NZDJPY #NZD #JPY #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure