GBPNZD Maintains Bearish Momentum - Is 2.23800 the Next Target?

il y a 5 jours

GBPNZD is trading within a well-defined descending channel, with price action respecting both the upper and lower boundaries. The price has broken below a key support zone and has now pulled back for a potential retest. This level previously acted as support and may now turn into resistance, aligning with a bearish continuation.

If sellers confirm resistance at this zone, the price is likely to move downward toward the 2.23800 target, which aligns with the lower boundary of the channel. However, a breakout above the resistance zone would invalidate the bearish scenario and could open the door for a stronger bullish reversal.

Remember, always confirm your setups and trade with solid risk management. Best of luck!

il y a 5 jours

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