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NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
- USD/JPY struggles at 10-DMA resistance (currently at 101.65) for the fourth consecutive day.
- Momentum studies are bearish, RSI weak at 39 levels, while stochs are biased lower.
- Major trendline support is seen at 101 levels. Break below likely to drag the pair lower.
- Below 101 next major support is seen at 100.52 and then 99.98 levels.
- Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-fails-to-break-above-10-DMA-at-102-good-to-sell-rallies-261184) has it target price 1.
We recommend holding for targets, bearish invalidation only above 102.55
