The predicted direction of movement for this high-margin currency pair seems to me to be more of a corrective one and I have displayed my desired price target on the chart. If it is in line with your analysis, you can use this price target for your profit limit points. Please note that this is a weekly chart.
Thanks
MJ.REZEI
As I mentioned in the previous article, silver is moving towards the desired target, which is around $40 per ounce of silver. As you can see, this three-month chart and the uptrend drawn and reproduced shows the desired price target near the top of the channel.
If there is a change and an update is needed, I will definitely check and publish it again.
Good luck.
MJ .REZAEI
Remember, when I was doing this analysis and setting the high target, the environment I was working in did not allow for such an ambitious idea that the parity rate in the GBPNZD symbol would even come close to my desired price range!!
I must say that since the date of the analysis, this symbol has grown by 800 pips and the final target shows a range of 1600...
