GBPNZD - NOT BUYING NOT SELLING; BUT WATCHING FOR UTURN

British Pound / New Zealand Dollar (FX:GBPNZD)

Updated

FX:GBPNZD British Pound / New Zealand Dollar

This has been strong to the downside. Based on the fib levels I am waiting for the uturn. I will wait for the break of the trendline into the buy zone and then will take this north to 20730.. It should square up a little tomorrow if the selling momentum can hold off. Just thought I would share my lines. Will let you know when I am on. Thanks!

Comment:

Man are they selling down or what.. just watching it. My guess is 2.0.. Thanks!

Comment:

GET READY FOR SHORT COVER RALLY NEXT WEEK.. LET THEM KEEP SELLIN' 198 SHORT COVER LONG RALLY TO 203 seem feasbile to me... I am not long yet.

Comment:

OK spotted a UTURN.. See recent post for stops and limits... Retracements are in play to the long side. I am on this one. from last night.

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about GBPJPY 16

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