NZDJPY has broken through horizontal resistance near 80.5 and is now poised to test levels of 83.5/85.5 in the coming months on the back of rising interest rates and increase in treasury yields in NEW Zealand 10 yr. Stop loss for the position is 79.5
There has been a bearish resolution to the congestion pattern in EURUSD. THE SUPPORT AT 1.1740has been broken and the pair can target 1.14/1.15 zone which is a 38.2% fib retracement of the larger swing. The top at 1.20 must be broken for Euro trend to change to Bullish.
EURGBP is starting to show bearish signs with a lower high formation. Bearish view will be confirmed on break of 0.8938. Down move can extend to 0.8875/25. MACD flat to bearish indicating bearish bias.