Bulls might soon pick up the pace, and send the GBPNZD higher!

FX:GBPNZD   British Pound/New Zealand Dollar
While the greenback is smashing upwards, I think that the GBP is starting to look interesting.

The last couple of weeks, the GBP has been pulling back across most pairs, but now i think it is about time to go long.
I see opportunities on a number of GBP paris, but to minimize exposure I have selected my favorite; GBPNZD             .

The overall momentum has been bullish since April 2013, but the last couple of weeks, price has seen a selloff from 2.08, all the way down to where we are now.
I think that 2.0, is a brilliant level for the bulls to step in and take this pair higher.
Yesterday was a clear rejection of the level, which indicates to me that bulls are present at this level.
Furthermore plenty of confluence are racking up here:

1. Overall bullish momentum since the bottom around 1,8
2. Sellers from the top at 2,09-2,1 losing steam
3. Possible tweezer bottoms approaching on daily
4. Rejection of key support at 2,0
5. Trendline rejection
6. Rejection of dynamic weekly resistance (50EMA)
7. Rejection of 50% weekly fibo level
8. Bullish MACD divergence

If todays             candle rejects the 2.0 level again, I am definitely looking to get long!

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets