FxWirePro: EUR/ NZD gaining momentum for a move towards 2.0350 level 
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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Major Pair levels and bias summary 
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The pair broke major support at 174.90 and is currently trading at 173.43, bias remains on the downside.
- GBP/JPY extends downside, trades in a falling channel, currently at 173.50, after hitting multi-year lows at 173.29, levels not seen since Oct 2014.
- RSI on dailies is at 12, its weakest level last seen since May 2012, moving averages are biased lower and price action is well below the cloud.
- 172 (major trendline support) is next likely target for bears, further downside can see test of 171 (Oct 22nd 2014 lows).
- Immediate resistance is located by session highs at 175, while little chart support see on the downside till 172 levels.
Recommendation: Good to sell rallies around 173.50/60, SL: 174.50, TP: 172/171
