GBP/NZD breaks major trend line support, targets 2.000
Major Support: 2.110 (trend line joining 2.0400 and 2.1107)
GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036.
Minor trend reversal only above 2.1300 level.
On the higher side the pair might be facing minor resistance at 2.1230 (2H Kijun-Sen) and any break above targets 2.1300/2.1500.
Any break below trend line support confirms minor trend reversal, a decline till 2.090/2.060/2.000.
Overall bearish invalidation only above 2.2000.
It is good to sell on rallies 2.1150 with SL around 2.1320 for the TP of 2.0650/2
GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036.
Minor trend reversal only above 2.1300 level.
On the higher side the pair might be facing minor resistance at 2.1230 (2H Kijun-Sen) and any break above targets 2.1300/2.1500.
Any break below trend line support confirms minor trend reversal, a decline till 2.090/2.060/2.000.
Overall bearish invalidation only above 2.2000.
It is good to sell on rallies 2.1150 with SL around 2.1320 for the TP of 2.0650/2