NZD/JPY Bearish Breakdown | More Downside Ahead?

📉 NZD/JPY Technical Analysis (Daily Chart)
Key Observations:
Downtrend Dominance ⬇️: The pair has been in a clear downtrend since mid-2024, with lower highs and lower lows forming consistently.
200 EMA Resistance 🚨: The red 200-day EMA at 90.088 is acting as a major resistance level, reinforcing the bearish outlook.
Bearish Breakout Pattern ⚠️: A descending structure is forming, suggesting a continuation of the downtrend.
Projected Drop 📉: The black arrow on the chart indicates a potential drop toward 82.00 - 80.00 levels in the coming weeks.
Trading Strategy:
🔴 Bearish Bias: Traders might look for short opportunities on lower highs, especially near 87.00 - 88.00 resistance.
✅ Target Zones: 84.00 (first support) and 80.00 (major support).
🚨 Invalidation Level: A break above 90.00 (above 200 EMA) could signal trend reversal.

What’s your trade plan? 🎯📊