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NZDJPY Poised for Downtrend as Resistance Holds Firm 
- RES 3: 0.7480 (May 5th 2015)
- RES 2: 0.7450 (Oct 2nd 2015)
- RES 1: 0.7420
- RES 1: 0.7386 (20 day 4 HMA)
PRICE: 0.7360 @ 11:48 GMT
- SUP 1: 0.7340 (38% retracement of 0.7195 and 0.74425)
- SUP 2: 0.7320 (200 day 4 HMA)
- SUP 3: 0.7300 (Sep 25th 2015)
- SUP 2: 0.7240
EUR/GBP has declined till 0.7340 after making a high of 0.74425 (Oct 2nd 2015 high). It is currently trading at 0.7362.
Short term trend is bullish as long as support 0.7300 holds.
On the higher side minor resistance is around 0.7450 and any break above would extend gains till 0.7480/0.7505.
It is good to buy at dips around 0.7360 with SL around 0.7300 for the TP of 0.7440/0.7480
