Technical analysis of EURNZD
GBP/JPY: 34 Moving Average acted as resistance
Information is not investment advice
The 34 Moving Average has acted as resistance, so there's a bearish 'Thorn' pattern, which pushed the market lower. Also, we've got a bearish 'Flag', so the pair is likely going to test the nearest support at 137.34 - 136.43. If a pullback from this area happens next, bulls will probably try to reach the closest resistance at 138.13 - 139.42.