FX:GBPNZD   British Pound / New Zealand Dollar
337 8 19
Bullish candlestick action,price above 34ma and trend line break .See targets on chart.
likely 3H play
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Sir it hit 2.0 level ...what's next ?
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nmike MOD kuzibekov
GN is correcting from overbought levels on 3H frame,currently price is at 10ma support,could continue higher from here or could correct down to levels shown on chart
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a nice hammer bounce off the 34ma & close to trend line support, should reach top of BB near term
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....after breaking Fisher support and price close below 34 ma, I'm not surprised to see price fall further, now price is sitting on S1 support,if it does't hold here next target is likely S2
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near term support
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In my opinion : with the recent strength of markets dropping and multiple GBP pairs getting weaker, chances of GBPNZD dropping from 1.9950-ish area are very high. This should occur probably on Monday January 13.
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nmike MOD ForexWatchers
Yes, you could be right, price is still above the 10ma on weekly frame, if breaks 10ma price may find support at 34ma or trend line support
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