GBPNZD: Selling into confluence of supports
Updated
We can see that GBPNZD has broken below the mid-point of the rising channel.
Looking for sells going into the BoE rate decision this week, with NZD generally strengthening and GBP generally weakening.
Depending on what happens on Thursday we we'll see either a break of a bounce off this point.
I'm targeting 2.072 initially, where I see confluence of the rising channel and horizontal support.
Looking for sells going into the BoE rate decision this week, with NZD generally strengthening and GBP generally weakening.
Depending on what happens on Thursday we we'll see either a break of a bounce off this point.
I'm targeting 2.072 initially, where I see confluence of the rising channel and horizontal support.
Trade active
Trade closed: target reached
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