NZDJPY short view

We see a pullback to 61.8% Fibonacci level at 77.80 and a bounce back to lower levels on the four-hour time frame. Moving averages are forever on the bearish side, and we are currently testing the MA200 with the first potential support at 38.2% level 76.95. Looking at the MACD indicator, we see that the bearish scenario is on the chart with a tendency to continue as we slowly move into the red territory of the MACD indicator.