GBPNZD extends far from its 200 EMA Short

British Pound/New Zealand DollarFXCM

Description

⋅ Mar 23, 2021 7:04 AM

GBPNZD moved swiftly up yesterday. It is far from its 4h EMA as well as 1h. Here is how 1h looks like:

I expect sideways action or a pullback.

Comments

makenashalom

⋅ Mar 23, 2021 11:57 AM

yeah, i think its bearish too, its overbought in the rsi and price just formed a bearish candle.