GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.9504, 1.9537, 1.9578
Key Support Levels: 1.9402, 1.9359, 1.9308
The price on the higher time frame has recently reversed the direction after having a small bearish run. There are a few big rejection wicks seen which indicate a bullish buildup and the resistance level of 1.9430 is also getting broken.
GBP/NZD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price traded between a range of 1.9308 and 1.9359 for some time and then the upper range was broken with good momentum. It has also broken and retested a minor level of 1.9402 before continuing momentum.
Buy Stop Order @ 1.9445
TP 1 @ 1.9496
TP 2 @ 1.9547
Stop Loss @ 1.9394
Trade Safely 🙂