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phoenixTraders2020
Oct 25, 2020 12:30 PM

GBPNZD keep slipping against the Trend line?! 

British Pound/New Zealand DollarFXCM

Description

When crossed the bullish trend line, continued the slipping till the last week ended and jumped to the below center line of the bullish channel.
Seems that supply is more stranger than demands and sellers imposed their power in the market. If the situation remains the same, GBP will drop till the down side channel line or even more. Unless this week starts with the news supporting pound price.

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