Hi traders
Please have an analytical look over our analysis for GBP/NZD.
We have been waiting and waiting this pair for a week or so now and we could be close to getting an opportunity to get in at the top of this shorting opportunity.
NZD has been under significant pressure these past weeks and its not as if we are expecting massive NZD strength however...
On Monday, the currency pair is expected to attempt a slight recovery to the resistance line of the down channel, where the price is now. The price area around the 1.13045 level allows you to find a good entry point for such a long.
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In the last month we have a definite rise in GBPJPY.
This week we also saw a break of the key resistance around 141.30.
This gave new strength to the pair.
We are currently seeing a consolidation of H1 in the form of a triangle.
In the event of a break, we can expect the upward movement to continue with a higher probability.
The resistance levels...
