Orion-FX
Short

GBPNZD to find resistance at daily levels

FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD has pulled back to daily resistance and previous triple top. 4hr bollinger band offers further resistance. RSI and Stochastic suggest an overbought market and an Stoch . cross a loss of momentum. Brexit uncertainty has increased over the weekend so we are now awaiting bearish price action.

Comments

Its a good analysis, just the concern that GBP is news driven and having Queen's speech today.....it would be a risky trade in my opinion.
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Orion-FX ridealong
@ridealong, we suggested a smaller trade size because of this. However, Brexit news over the weekend was mildly bearish so we are looking for downside this morning before any further news this afternoon.
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