GBP/NZD is Bullish as POC Bounce is Imminent

Dear Traders,

The GBP/NZD has formed a bullish Zig Zag with a very clear POC zone. 1.9600-10 is the zone where we might expect a bounce.

A 4h close above WH3 camarilla pivot 1.9632 is needed for a continuation to the upside. If it happens, the interim target will be 1.9663 followed 1.9747 and eventually 1.9827. We can see multiple confluence points straight at the POC including bullish tweezers, Ma cross and BB bounce. As long as the price is kept above 1.9400, bullish trend is not jeopardized.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX