GBPNZD - 240 - Could be an interesting one

Telah dikemas kini
Quick idea.

The pair is near its key resistance again, at 1.9840. In order to examine larger extensions to the upside, we need a clear break above that barrier first. Even if the rate retraces back down a bit, still, the bulls could enter the field near the upside support line.

Please see the chart for levels, targets and the alternative scenario.

Don't forget your stop-loss.
Nota
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on JFD Bank YouTube and Facebook pages.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT
Chart PatternsTrend Analysis

Penafian