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JoshFX1

GBPNZD likely to stay in Channel

Long
British Pound / New Zealand Dollar (FX_IDC:GBPNZD)  
JoshFX1 Updated   
FX_IDC:GBPNZD   British Pound / New Zealand Dollar
GBPNZD GBP NZD pound GBP (British Pound) gbpbuy Bullish Patterns gbpnzdlong
13
0
gbpnzd gbp nzd pound gbp-british-pound gbpbuy bullish gbpnzdlong
GbpNzd is nearing the lower range of its upwards channel. Based on the indicators there's still enough buying pressure and trend strength left for GbpNzd to go up. And a break of the lower range isn't very likely.

Take profit: 1.89>1.92
Stop loss: 1.87.

If the lower range does break then switch to sell for 400-500 pips target
Trade active
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