GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary.
The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
