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NZDJPY Technical Outlook: Selling the Rallies as Bearish Momentum Consolidates 
Mixed preliminary PMIs from France and Germany dragging EUR/USD to the mid-1.1200s
- EUR/USD had earlier on the day hit fresh eight week highs at 1.1296 levels on broad USD weakness
- At the time of writing, EUR/USD is trading at 1.2952, Daily Stochs are on the verge of a bearish crossover at oversold levels, we would wait for confirmation to enter into short positions
- Immediate resistance for the pair lies at 1.1296 (day's high) ahead of 1.1336 (200 DMA) and then at 1.1346 (June 23rd high)
- Supports on the downside are seen at 1.1230 (Hourly Low Aug 21), followed by 1.1215 (Daily High Aug 12)
Resistance Levels:
R1: 1.1296 (day's high)
R2: 1.1336 (200 DMA)
R3: 1.1346 (Daily High Jun 23)
Support Levels:
S1: 1.1230 (Hourly Low Aug 21)
S2: 1.1215 (Daily High Aug 12)
S3: 1.1189 (Daily High Aug 13 & 14)
