GBP/NZD faces resistance around 2.4025,break above targets 2.53

FX:GBPNZD   British Pound / New Zealand Dollar
172 0 3
Pattern formed – Descending triangle

GBP/NZD faces strong resistance around 2.4025 and any break above confirms further bullishness , a jump till 2.45 (161.8% retracement of 2.4027 and 2.3147)/2.53 (161.8% projection of 2.4027 to 2.2699 from 2.3155)

On the downside major support is around 2.3500 and break below targets 2.3150/2.2699.

Short term bullish invalidation only below 2.3500.

Major resistance – 2.4025

Major support – 2.3500

It is good to buy above 2.4025 with SL around 2.3500 for the TP of 2.450/2.5300
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