short for the time being
GBPNZD has been affected dramatically by the big moves in pound as well as news affected moves on NZD. i would consider the rate tapering an importance for NZD and therefore NZD recovery on the go. GBP has been weak in general recently (and unfortunately) although had some upside moment today. I would consider a safer strategy by shorting this pair at least for this week.
The setup is based on a correction of today's rise.
The setup is based on a correction of today's rise.
Penafian
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