Analysis of GBPNZD on H4 (04/08/2020)

OANDA:GBPNZD   British Pound / New Zealand Dollar

If the price manages to break the zone around 1.98158, we will go into an uptrend.
This is the most likely of our analysis because it is confirmed by the underlying trend and the MM at 50 which is below the market.

If the price breaks the zone around 1.96170, the market will go bearish .

Let's wait and see...


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