GBP/NZD is at the Crossroads

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance.

The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in uptrend. If we see a bounce, targets will be 1.8915, 1.8950 and 1.9011. However, a close below D L3 1.8840 will possibly target 1.8804 and 1.8744. As the price is at its final support, my bias is to the upside.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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