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FxWirePro: GBP/NZD likely to continue grind lower, target 2.0656

Thursday, February 25, 2016 5:44 AM UTC

GBP/NZD downside taking a breather at 2.087 levels, pair has edged higher on the day to currently trade around 2.09 levels.

But downtrend in the pair still intact, momentum studies are bearish, tests of 2.0656 likely.
Our calls on the pair (links below) have hit targets.

http://www.econotimes.com/FxWirePro-GBP-NZD-edges-higher-from-half-yearly-lows-at-21446-further-weakness-on-charts-163304

http://www.econotimes.com/GBP-NZD-call-update-164804

Recommendation: Lower trailing stops to 2.11, target 2.0660

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FxWirePro: GBP/NZD likely to continue grind lower, target 2.0656

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