Outlook could be both positive and negative (NEUTRAL), pricing shows now is not a bad time to convert GBP to PLN as we are at a neutral position in the market.
Scenario 1 - It could break higher but has some tough resistance to break through first, including breaking out of its current range
Scenario 2 - It could bounce back lower, keeping in its current expanding range and heading back down to the lower support trend line
Not financial advice!
Scenario 1 - It could break higher but has some tough resistance to break through first, including breaking out of its current range
Scenario 2 - It could bounce back lower, keeping in its current expanding range and heading back down to the lower support trend line
Not financial advice!
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Can also see a cup and handle formation - volatile handle part now could potentially lead to a spring up in the near future