GBP/NZD Needs to Break 1.9159 for Bearish Continuation

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/NZD is bearish and we can see the POC zone just below the ATR top projection. Watch for POC and bearish continuation below.

1.9272-1.9286 is the zone where fresh sellers should appear if the price gets within. We can see a big confluence consisting of an inner trend line, order block, camarilla pivots and Bollinger bands. Targets are 1.9185 and 1.9159. If the price breaks below then 1.9118-27 zone is the final target. Only above 1.9330 the pair will be bullish and the intraday trend will change. Have in mind that any Brexit news might change the price dramatically.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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