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conappleton

GBPNZD Idea

British Pound / New Zealand Dollar (FX:GBPNZD)  
conappleton Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdidea gbpnzdforecast gbpnzdanalysis
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trendanalysis chartpattern indicator gbpnzd gbpnzdidea gbpnzdforecast gbpnzdanalysis
Scenario 1

- Break of ranging market and continue to the upside. Potential long term target could be 2.00900.

Scenario 2

- Continue of a ranging market / consolidation period (DO NOT TRADE THIS).

Scenario 3

- Move to the downside and a break of the support level. Potential target would be 1.91270.
Comment:
Currently seeing price test that upper supply zone, activating Scenario 1. Will monitor this pair closely now and we could see a break and retest of this zone, then a further move upwards to target.
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