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GBP/NZD Potential Upward Movement

GBP/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.9764, 1.9800, 1.9850

Key Support Levels: 1.9662, 1.9591, 1.9550

Daily Chart:

The price on the daily time frame is in a clear upward movement. The pair is showing higher highs and lows. We are expecting further movement to the upside in the same direction of the main trend.

GBP/NZD Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hour time frame, the price posted a double bottom around a strong support and rallied to the upside. Currently, the price is traded above the 1.9662 USD strong support which might lead to a further move to the upside toward our mentioned target profit.

Signal Idea:

Buy Limit Order @ 1.9682

TP 1 @ 1.9755

TP 2 @ 1.9800

Stop Loss @ 1.9646

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. The gbp/nzd does not move today june 9

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