jwiens27

GBPNZD Triangle Breakout Eminent!

OANDA:GBPNZD   British Pound / New Zealand Dollar
The Pound Kiwi has worked itself into the point of an ascending triangle formation with its resistance lying near 1.945 and current price at ~1.942. Will the pair breakout or retract back toward the lower bound? Could go either way so watch out! Today's daily candle is nearing a close, subsequent price action going into the Asian session will be key in making a decision to enter on this setup.

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