GBP/NZD Still Bullish as the Price is Slow

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/NZD is still bullish and today we could see a breakout.

1.9480 is the breakout point of the bullish pattern where we might expect a continuation move. Yesterday, the market was slower but today we see another attempt for bulls to push the price further up. We can expect a bullish continuation move if the price closes above 1.9526 on a daily basis. The target is 1.9665.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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