NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
EUR/GBP met resistance
SELL 0.8960; TP 0.8937; SL 0.8970
SELL 0.8915; TP 0.8880; SL 0.8930
EUR/GBP met resistance in the 0.8990 area. It failed to overcome this obstacle for the second week in a row. There’s bearish divergence on the daily Awesome Oscillator. In the near term, we’ll likely see a correction to 0.8937. The decline below 0.8920 will open the way down to 0.8875.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...