NZD/JPY price analysis: Pair extends gains above 20-day SMA

• NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum.
• MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks.
• RSI moves up to 51, entering positive territory as buyers tentatively return.

NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since the pair broke above its 20-day Simple Moving Average (SMA). This move comes after a notable loss of ground prompted by a breakout from a sideways trading range between 90.00 and 92.00, underscoring the pair’s ongoing effort to regain its footing.

Under the hood, the Relative Strength Index (RSI) has shifted to 51, sitting just inside the positive zone and hinting at a mild uptick in buying interest. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains above zero but has flattened out, suggesting that bullish momentum may need a further push to gain traction.