Price has failed to break above creating a double top. price should now continue down to next support
Price has failed to break previous highs and should now create a similar channel to what EURNZD is trading within.
GBP currently in a small bullish channel, currently waiting for a retest of support to create a retest of daily resistance.
RSI divergence confirmed in the shorted time frames, sell order placed at resistance matched up with bearish channel.
Broken trend line currently waiting for a retest with a buy order up to previous resistance
50EMA daily has driven the price into a bearish channel heading back down towards monthly support.
Since creating an uptrend from last year we have recently seen a retrace of 50%. this was followed by an engulfing candle. I am now expecting price to reach 2.02
i am expecting to see price retrace t the highlighted zone before creating a higher high
