GBP/NZD: Attempts to turn at 194.505

Denis Joeli Fatiaki Independent Analyst

The pair is technically looking to reverse to the upside as the four hours candlestick price action indicates a potential reversal pattern to the upside if the current four hours candle complete and close in the black. GBP/USD will need to hold above 194.505 to continue to the upside. If GBP/USD reversed at the current level, then a potential long target is estimated at 195.718. Support is estimated at 194.080 and 193.502

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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