NZD/JPY Price Analysis: Pair retreats to 88.00 as bearish consolidation continues

• NZD/JPY fell 0.69% on Tuesday to 88.10 as selling pressure persists.
• The indicators consolidate the losses, with the RSI falling sharply to 39 and the MACD showing flat red bars.
• The bearish momentum remains dominant, following a breakout of a sideways range between 90.00 and 92.00.

The NZD/JPY pair continued its downward trajectory on Tuesday, retreating to 88.10 amid continued bearish pressure. This drop is based on the pair’s recent breakout of a clear sideways trading range between 90.00 and 92.00, signaling a shift in sentiment towards sustained selling.

Technical indicators confirm the bearish outlook. The Relative Strength Index (RSI) has fallen sharply to 39, remaining in negative territory and reflecting intensified downward momentum. Meanwhile, the Moving Average Convergence/Divergence (MACD) indicator shows flat red bars, suggesting a pause in momentum as the pair consolidates recent losses.

For any recovery, NZD/JPY would need to reclaim the 88.50 level as a first step, followed by a test of the psychological barrier of 89.00. To the downside, the pair remains vulnerable to further declines, with immediate targets at 87.50 and potentially extending to the 85.00-86.00 support zone if bearish momentum persists.

NZD/JPY daily chart