Have you seen the GBPNZD daily chart? It’s quite clear that the market is trading in a bearish condition (likely to continue its way down), and we also got some downward pressure off the daily and weekly charts:
What is most interesting about the GBPNZD is that the next LT support level is at 1.8548, and it is currently trading at 1.9017, so it is trading more than 450 pips away. We can use those pips, wont we?
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Tags: GBPNZD Analysis