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financialflagship
Jul 1, 2021 7:31 AM

GBP/NZD – Week 26 – Watching the support area  

British Pound/New Zealand DollarFXCM

Description

For the next move of this pair we see the price falling to reach the support area marked on the chart at 1,959 if the blue trendline is broken. However, the big trend is to the upside so we advise caution with shorting this pair because there is a reasonable probability for the price to bounce sharply from near support area or even higher and start marching to the upside.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Comments
FieryTrading
Totally agree. Good job!
financialflagship
@FieryTrading thanks a lot buddy 🔥
TopTradingSignals
Agree! i think it will first go down then fall!
financialflagship
jojofang0901
interesting, agree with the short term bearish move
financialflagship
@jojofang0901 thank you mate :)
VincePrince
Great chart
financialflagship
@VincePrince, many thanks!
Investroy
Agreed, thanks
financialflagship
@Investroy, 🙌🙌
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