GBPNZD-Approaching Key Resistance: Is 2.2485 The Next Target?

GBP/NZD Technical Analysis (1H Chart)
- Resistance Zone: The pair is currently testing a strong resistance area around 2.2730–2.2750.
- Price Action: A rejection from this level could indicate a potential downside move.
- Target Area: If selling pressure increases, the price may decline toward the 2.2485–2.2490 support zone.
- Risk Management: Stop-loss should be placed above the resistance zone, while take-profit is near the target area.
- Volume Analysis: Decreasing volume near resistance suggests potential weakness in bullish momentum.
A confirmed break above resistance could invalidate the bearish outlook.
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- Resistance Zone: The pair is currently testing a strong resistance area around 2.2730–2.2750.
- Price Action: A rejection from this level could indicate a potential downside move.
- Target Area: If selling pressure increases, the price may decline toward the 2.2485–2.2490 support zone.
- Risk Management: Stop-loss should be placed above the resistance zone, while take-profit is near the target area.
- Volume Analysis: Decreasing volume near resistance suggests potential weakness in bullish momentum.
A confirmed break above resistance could invalidate the bearish outlook.
If this beneficial for you , like it.
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Final Target Achieved 200 pips+ profits.Nota
This was great setup .....Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.