• The NZD/JPY pair is on a three-day winning streak, with Wednesday's session adding to those gains, rising to 88.25.
• RSI is still negative but shows a rising slope, indicating recovering buying pressure.
• Decreasing red bars in the MACD confirms that selling pressure is weakening.

In Wednesday's session, the NZD/JPY pair rose by to 88.25. Considering the fresh gains and the latest technical outlook, the possibility of a reversal of last week's losses is growing.

The Relative Strength Index (RSI) is currently at 46, which is still in negative area. However, the slope of the RSI is sharply rising, indicating that buying pressure is recovering. The Moving Average Convergence Divergence (MACD) is also red, but the histogram is decreasing, suggesting that selling pressure is declining. With the cross accumulating gains and tallying a three-day winning streak the bulls are making an argument for a reversal.