Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/NZD claws back some ground, bulls set to regain control

• GBP/NZD declined Monday as risk shakeout  triggered  correction in the pair.

• GBP/NZD hit session lows in New York afternoon trading, breaking the 38.2% fibo  , with support at 1.9026 (50DMA) next. 

• GBP/NZD remains bullish, only a close back below  50DMA at 1.9026  , could upset the bullish order.

• Immediate resistance is located at 1.9245 (38.2%fib ), any close above will push the pair towards 1.9349 (Higher BB).

• Strong support is seen at 1.9095(50% fib) and break below could take the pair towards 1.9026 (50DMA).

Recommendation: Good to buy  around 1.9150, with stop loss of 1.9000 and target price of 1.9230

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.