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Jan 30, 2024 12:30 PM

GBPNZD 

British Pound/New Zealand DollarFXCM

Description

GBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.0800
What you guys think of this idea?
Comments
shahtajalik
Exactly as predicted.
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