GBP/NZD: The Pound advances into new territory

Denis Joeli Fatiaki Independent Analyst

The Pound against the Kiwi dollar managed to bounce at the bottom of the price channel and broke through 1.90642 resistance as mention in yesterdays post. The Pound shot up to the top and burst out of the price channel to the upside during the European session. The overall direction is bullish and looks quite promising after the reason breakout. However, The Pound will need to maintain activities above 1.92360 to continue further. Expect some resistance at 1.92872 and 1.93719

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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