GBP/NZD Weekly Outlook 27/1/2020 to 31/1/2020

FX:GBPNZD   British Pound / New Zealand Dollar
Forex Weekly Outlook 27/1/2020 to 31/1/2020
Pair : GBP/NZD

Weekly - Double Bottom & Top chart pattern with potential of
Inverse Head & Shoulders pattern in the making.
Possibility B/O from the flag

Daily - Graph close at minor RBS area. Potential bearish continuation until
lower trendline. Break or bounce scenario at the uptrend channel

H4 - Wait for Break or Bounce Scenario at the lower trendline.
If B/O uptrend channel , potential big bearish movement to
the next support area . If reject the lower trendline, big upward movement
to the upper trendline as well

To do : Wait for price to develop on Monday

Comment: 28.01.2020 Tuesday 4PM - Sell at 1.99500/1.99300 area. TP at 1.97700, SL around 35 pips


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