GBP/NZD Bulls are Continuing with Uptrend

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/NZD is bullish and we might expect a continuation move up.

1.9480 is the breakout point of the bullish pattern where we might expect a continuation move. The intraday target is 1.9523 but we could probably see a swing if the daily candle closes above it. In that case the target will be 1.9660 followed by 1.9770. The GBP/NZD is showing a confluence structure at the bottom and I only see bulls.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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