NZDJPY to 0.89 - or overextended?

Hey Traders! 👋

For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea

Technicals:
- Overall bullish
- Made a high at 88.50
- Expecting retracement to 87.60
- Target at 89
- If 86.80 is breached, idea is invalid

Other data:
⬆️ Seasonality is still bullish expecting 90 level
⬆️ Pattern scan is also bullish expecting 90 before deeper retracement
⬆️ Supertrend is also bullish
⬆️ Retail traders have extreme short positions which we would want to go against

🤔 What's your take?

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