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NFVeej
Jul 30, 2021 9:52 AM

Moving to Poland from GB - When to swap?  

GBP/PLNOANDA

Description

Outlook could be both positive and negative (NEUTRAL), pricing shows now is not a bad time to convert GBP to PLN as we are at a neutral position in the market.

Scenario 1 - It could break higher but has some tough resistance to break through first, including breaking out of its current range
Scenario 2 - It could bounce back lower, keeping in its current expanding range and heading back down to the lower support trend line

Not financial advice!

Comment

Can also see a cup and handle formation - volatile handle part now could potentially lead to a spring up in the near future
Comments
MattPurlple
Spot on analysis! How did you come up with the 5.62 resistance line?
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