FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD has been in consolidation after breaking above our key level at 2.000. I believe we are finishing off this consolidation and will be breaking out to the upside. As well with current P.A, we may get a better entry on market open, and perhaps be seeing a gap to the downside, closer to 2.0125. This would give us an optimal entry for long positions and we can look for a 700 pip TP at 2.0800 . This is a big swing trade but GBPNZD is very volatile and with the fundamentals coming in the near future, these could easily help us get there very rapidly.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.