The pair’s major resistance 90 and any break above could pave way for next target 91.07 (Mar 4th High) cannot be ruled out.
On the downside 88.50 (200 day 4Hour ) will be acting as short term support and any break below will take the pair further down till 87.80/87.
Indicators (4 Hour chart)
(50) – Buy
(14) – Buy
Recommendations: Buy NZD/JPY around 89.35, SL 88.40, Target 91.0