SteveTobin
Long

GBPNZD major congestion ending?

FX:GBPNZD   British Pound/New Zealand Dollar
40 0 4
The GBPNZD             may be about to break out of a multiyear congestion pattern. If the pair can hold this value over the weekend I will consider a long position with an unfortunately wide stop. MACD , RSI and ROC are all trade positive as is the point and figure charts. The daily chart is very positive but is oversold
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