Technician

GBPNZD: Rounding Bottom Awaits Confirmation

FX:GBPNZD   British Pound/New Zealand Dollar
1684 11 30
Long term rounding bottom, may lead to a long term bullish trend . However, some resistance need to be taken to confirm the trade. Watch 2.1035 resistance level , as a if broken will probably test 2.2465 as a first upside target.

Good luck
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Technician
Dear Mr. Loay,

What is your update regarding this pair?
Reply
Technician TOP MuathAlBulbul
Hey Muath, long time no see.

I will be looking for confirmation to long near support area
snapshot
-1 Reply
http://screencast.com/t/hgTLXB54sQm
Reply
http://screencast.com/t/D302gXuy
Reply
It finally broke the 2.10338 level, at least on the daily time frame. Let's see if we get weekly and monthly close above it as well :)
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Mr. Loay, what's your take on this pair? Shouldn't we long it yet? I am really hoping for a trading setup for this pair! Waiting your instructions commander! :)
Reply
Technician TOP MuathAlBulbul
Hehe , thanks Mr Muath .. I will be looking for a trade
-1 Reply
look 2.24 could be cup of coffee... wait for handle to form from there.. thks worth eyeing
Reply
Looks good technician, Thank you and good luck :)
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