After last week's heavy dump on NZDJPY, a period of ranging and short-term gain is now expected from the support zones highlighted on the chart. However, if the daily support near 92.00 breaks to the downside, price could easily dump below 91.00.

Learn this: After a strong directional move, markets often pause to consolidate or retrace. These short-term pullbacks can offer opportunities for counter-trend trades, but they must be managed carefully because the broader trend may still be bearish.