SamKent

GBP/NZD 1H price action analysis

FX:GBPNZD   British Pound / New Zealand Dollar
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.

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.