UnknownUnicorn3249870

GBP/NZD looking for bulls next week

Panjang
FX:GBPNZD   Paun British / Dolar New Zealand
Hi traders,
hope you all had a fantastic weekend and now you are ready for markets to open and your analysis is already done. We did not stop working with our web page during weekend and we are still going to work next week but our launch is getting closer and closer, stay tuned !

Let's take a look at GBP/NZD on 4H chart. Price showed us signs that price is about to breakthrough descending channel however, price has lost it's momentum and now is looking to go back inside of descending channel. To help next weeks bulls, price is also at key support line and it will be necessary for big bear power to break both of these support lines.

Let us know what you think about this idea and don't be shy to leave a comment as we always try to reply to them :)

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Good luck with you trades !
Penafian

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