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NZD/JPY has been in a sideways movement for the past few sessions, with sharp losses in Tuesday's session.
RSI is declining sharply, MACD histogram is green and decreasing, suggesting that buying pressure is declining.
A breakdown below 90.00 could confirm further downside potential.
The NZD/JPY pair declined by 0.60% to 90.70 in Tuesday's session and threatens with a reversal in the recent bullish movements.
The daily Relative Strength Index (RSI) is currently at around 52, indicating that the pair is in the positive area.
However, the RSI is declining sharply, suggesting that buying pressure is declining. The Moving Average Convergence Divergence (MACD) histogram is green and decreasing, suggesting that buying pressure is declining.
The MACD histogram direction is green and decreasing, confirming the bearish momentum.

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