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ForecastCity
Jul 24, 2019 4:53 PM

Don't miss the great buy opportunity in GBPNZD Long

British Pound/New Zealand DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.

Take Profits:
TP1= @ 1.87411
TP2= @ 1.88947
TP3= @ 1.90835

SL= @ 1.8505
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