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Life_In_Forex

GBPNZD Long

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
Life_In_Forex  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdlong gbpnzdanalysis
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trendanalysis chartpattern indicator gbpnzd gbpnzdlong gbpnzdanalysis
GBPNZD had a massive correction down as predicted in our last short analysis of GBPNZD, we expect the monthly liquidity to be taken before seeing a rejection and a push back up to then settle back into range and eventually make its way back up in this intraday trade. We expect price to continue into the major support zone that we have drawn up, this could take a while for it to reach down to our entry level. BoE monetary policy meeting was positive which will be good for the GBP if it all follows through well. NZD due a downfall on the momentum meter just as GBP is due a push up.

R:R 1:13

GL.
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