Pair: GBPNZD Bias: Bullish (contingent on breakout or support ho
Price has repeatedly rejected resistance at 2.27286 and is now consolidating between this key level and 2.25282. With this week being month-end, it’s likely we could see a pullback before a larger move into June.
Trade Zones:
Buy from 2.25282 if we pull back and hold as support
Buy above 2.28114 if we get the breakout
Targets:
First: 2.29580
Extended: 2.31200
Invalidation:
Break and close below 2.25282 with bearish follow-through
Notes:
Wait for price action confirmations.
Be mindful of low volume and false moves during month-end flow.
Trade Zones:
Buy from 2.25282 if we pull back and hold as support
Buy above 2.28114 if we get the breakout
Targets:
First: 2.29580
Extended: 2.31200
Invalidation:
Break and close below 2.25282 with bearish follow-through
Notes:
Wait for price action confirmations.
Be mindful of low volume and false moves during month-end flow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.