GBP/NZD – Week 19 – Correction and upside

GBPNZD started an up move last Friday and broke out of the sideways structure. For this pair we can see a retracement to the newly formed support zone at 1,95000 and then a continuation to the upside. The higher probability move is to the upside.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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