Ella 
Over the weekend, NZD/JPY fell to 88.75, down nearly 0.25%, after hitting lows near the 100-day simple moving average (SMA) of 87.95.
Overall, the short-term outlook is bearish, but bulls dominate the larger cycle. The daily Relative Strength Index remains in negative territory, below 50, while the red MACD bar continues to rise, indicating that bears are taking over.
In terms of the simple moving averages (SMA), the doji is below the 20-day EMA but above the 100- and 200-day SMAs, suggesting that bulls remain in control over the larger period as long as bears are unable to conquer these moving averages. , the short forces are not enough to reverse the overall trend.
Zooming in, the 4-hour indicator is flat in the negative zone. The Relative Strength Index is neutral and just above the oversold threshold, while the MACD shows a flat red histogram, indicating that bears appear to be consolidating the recent decline.
Support levels: 88.55, 88.15 (100-day moving average), 87.70.
Resistance levels: 89.25, 89.80, 90.00 (20-day EMA).
