Buying Opportunity for the New Zealand Dollar/Yen Soon

The NZD/JPY pair is moving sideways on the hourly timeframe, after reaching demand zones on the daily timeframe.

We expect to see an upward move in the pair soon, especially as signs of accumulation are already appearing.

Expected Targets

If the pair breaks through the supply zones and closes above them, exiting the sideways movement, we expect to see it rise to the targets identified on the chart, which are at the 92 and 92.400 levels, respectively.

However, this analysis and the expected upward move will be invalidated if the pair resumes its downward trend.