NZDJPY Analysis of PreferForex

NZDJPY is in bearish bias, it has broken the recent bearish market structure at 90.35 level. The price is now retracing back to the upside. There is an unmitigated strong point of interest (POI) at the 90.90 level, and it is advisable to wait and observe how the price reacts at this level. A bearish continuation movement is expected if the price reacts to this zone.