GBPNZD H1 Analysis

2020年7月23日

The GBPNZD chart is retesting a support level it already tested two times. In case of breach, which will most likely happen, we could see a major downward move from the pair. This analysis is solidified by the fact that NZD is strengthening against other currencies, and the momentum will most probably continue. Hence, the trade would be executed as follows:
GBPNZD
SELL: 1.90200
SL: 1.90700
TP1: 1.89700
TP2: 1.89200