LONG GBP/NZD from 2.1105
STOP 2.1018
Rationale:
GBP/NZD has been in a steep decline since June 2015 and with GBP firming up across the board we turn our attention to this pair.
Technically we are at the bottom of a channel that sits on historical support and the Weekly RSI is reading 36, up from recent lows of 31.82.
Please refer to the hourly chart for further analysis.
STOP 2.1018
Rationale:
GBP/NZD has been in a steep decline since June 2015 and with GBP firming up across the board we turn our attention to this pair.
Technically we are at the bottom of a channel that sits on historical support and the Weekly RSI is reading 36, up from recent lows of 31.82.
Please refer to the hourly chart for further analysis.
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GBP/NZD LONG
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