SamKent

GBP/NZD 1H price action analysis

FX:GBPNZD   British Pound/New Zealand Dollar
79 0 0
The GBP/NZD is looking to break the long term descending trend-line; we see this breakout as a bullish signal, however we think the resistance level ahead may cause some selling. Therefore, we've outlined our general framework for the pair. We'd be willing buyers on a pullback towards the ascending trend-line, and willing short term sellers at the 2.026 resistance level .
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