The NZDJPY currency pair recently experienced a downturn from the resistance zone near 87.30. This level has consistently reversed prices since February, as evident in recent charts. The combination of the upper daily Bollinger Band and a significant Fibonacci correction at 61.8% is intensifying selling pressures.

Currently, traders are closely monitoring price action in this pair. The resistance level remains a critical threshold. Should the price decline further, we may see increased selling momentum as traders react to these technical indicators.

Keeping an eye on economic developments in both New Zealand and Japan is essential. The evolving economic landscape will shape future price movements, and understanding these dynamics can provide valuable insights for traders.