The GBPNZD is in a bullish trend clearly as we can see on the 4 hour chart. We have a series of higher highs and higher lows. Prices currently overextended, we anticipate a retrace down into the 4 hour imbalance area where a buy opportunity could present. Target set previous high and resistance levels as seen on the chart. Stop under the previous low. As always this is for educational purposes only and not to be construed as financial counsel.
What do you think of GBP/SEK? When do you think it will start to come down?
Thanks