Watching closely for a price break above 1.7777 to go long. Next stop will be the test of Sep'16 high of 1.8300. Also see my other post on GBPUSD. Thanks.
Note
GBPNZD Longer term outlook:We could see price test 1.995 when 2 conditions are met:
1. Price to break above 1.777 and then close above 1.840
2. Short tem sells should not violate Nov'16 around 1.666
Trade active
We did not see price beaking above 1.777 from last post and continued to slide. Right now price has clearly broke above 1,720. Highly possible to see 1.83 in coming weeks.Trade closed: target reached
Spot on for those longer term traders.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.