Technical analysis of EURNZD
USD/JPY: bearish 'High Wave' pattern
Information is not investment advice
There's a bearish 'High Wave' pattern, which has been confirmed enough. Thus, the pair is going to test the nearest support at 110.54. This level could be a starting point for another bullish rally towards the upper 'Window' (112.54), which could act as resistance. If so, all eyes will be on the lower 'Window' (109.38), which acted as support before.