Technical analysis of EURNZD
GBP/USD: 144 MA acting as resistance
The 144 Moving Average is acting as resistance, so there're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed. Thus, we should watch the nearest support at 1.2938 as the next target. If a pullback from this level happens next, there'll be a moment to have a local upward correction towards the previously tested resistance at 1.3119.
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…
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