NZDJPY: Watching the 94.80 Zone

Been keeping an eye on $NZDJPY lately. It's pushing up against this 94.80 area, which has acted as some resistance in the past. Not a hard line, but it's where the steam seems to run out for a bit. If it can get a sustained move above that, say a daily close comfortably above 95.00, then I'd reconsider the current range-bound bias.

Conversely, a failure to break higher here and a move back down through 94.20 would suggest the bulls are losing control again and we're back to chopping around in the lower end of the recent consolidation. It's a key spot to observe for conviction, or lack thereof. Too early to call it definitively.