Men_of_The_Markets

GBPNZD IS HEADED TO 2.02000. SAME OLD BREAK AND RETEST BUYS.

Long
FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD has been in a staggering teeter uptrend in the past few months. New highs continues to form as previous resistance gets broken after a few trials.

Last week, we saw a bullish burst open above the daily resistance of 1.197500. The bulls against the bears.

We have now seen price come back to this level and at the time of writing, this daily candle is showing a positive retest.

If the bulls seize this level as support, be rest assured that uptrends would continue to form along the coming months.

I'm a hard-headed bull here. I'm buying this one.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.