GBP/NZD - Reaching a weak resistance area , time for corection

27 Jan

Hi guys , we are looking into GBP/NZD - it has had a very good uptrend the past few weeks, and it reached a very weak resistance area, which is giving us the indication that a correction is due.
Currently on 1H and 4H we reached high over-bought area with close to 0 support to remain at this price.

Entry: 2.19630
Target 1: 2.19100
Target 2: 2.18400

SL : 2.20200

As always my friends happy trading!

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4 Feb

Dagangan ditutup: hentian tercapai

SL reached - re visiting soon and adding some analysis here.