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GBP/NZD breaks key support at 2.15 mark, more downside likely

Pair is currently trading at 2.1255 levels. It made intraday high at 2.1568 and low at 2.1224 levels. Today pair breaks key support level at 2.15 marks and trading below 2.13 levels. On the downside, key support levels a…

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GBP/NZD breaks key support at 2.15 mark, more downside likely
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  • Pair is currently trading at 2.1255 levels.
     
  • It made intraday high at 2.1568 and low at 2.1224 levels.
     
  • Today pair breaks key support level at 2.15 marks and trading below 2.13 levels.
     
  • On the downside, key support levels are falls at 2.0917 levels.
     
  • Alternatively, a daily close above 2.15 levels will turn the bias bullish again.

We prefer to take short position in GBP/NZD around 2.13 levels, stop loss 2.15 and target 2.0951 levels.

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