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Gbpnzdsell

GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93423 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
Analysis on GBPNZD 16.09.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.9620 • Take Profit Level: 1.9750 (130 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.9400 • Take Profit Level: 1.9350 (50 pips) USDJPY A possible long position at the breakout of the level 108.25 EURUSD A possible long position at the breakout of the level 1.1110 USDCHF A possible long position at the breakout of the level 0.9900 GBPUSD A possible long position at the breakout of the level 1.2505
by PaxForex