olly48

GBP/NZD Breaking Out

Long
FX:GBPNZD   British Pound / New Zealand Dollar
This now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing.

Could see some resistance at 1.93237, but target is 1.98013
Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600

Comments

Hmm I’m short bias but I can see what you’re getting at. Thanks
+1 Reply
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