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Snick3rSD
Aug 13, 2023 1:51 PM

GBPNZD - Expect retracement ✅ Long

British Pound/New Zealand DollarFXCM

Description

Hello traders!
‼️ This is my perspective on GBPNZD.

Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. Firstly I expect price to make a retracement in order to fill imbalances and only after that to reject from bullish order block + institutional big figure 2.10000.

Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, also yearly CPI on GBP. Pay attention to the results in order to validate the analysis.

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