GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.92434, 1.92838, 1.93000.
Key Support Levels: 1.91890, 1.91421, 1.91000.
The price on the higher time frame managed to break the accumulation phase to the upside where a lower correction has been posted near the area of confluence. This area is made of a strong support and the 50% Fibonacci retracement level. we expect further movement to the upside in the coming hours.
GBP/NZD Medium-Term Trend: Bullish
On the lower time frame, we can see that the pair posted a 2 legs correction where the market failed to break the bespoke support. Liquidity is brought back and buyers now in control. The price is moving upward and we expect this to continue toward the target profits.
Buy Limit Order @ 1.91916
TP 1 @ 1.92423
TP 2 @ 1.92838
Stop Loss @ 1.91746
Trade Safely 🙂