GBPNZD / H1 / Daily Forex Technical Analysis / 6.18.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 18th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to reach its previous area of resistance near the 1.92 region and stall out. If price action reaches this area and does lose momentum we will be preparing to enter short. Entry for a Short position near the 1.92850 area, with a Stop Loss near the 1.93277 zone, with a target level area of 1.92003 could possibly ensure a profitable trade with a 1.98 to 1 R/R.
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