FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
21,301,967Confirmed
761,683Deaths
14,105,569Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez
GBP/NZD Rejection Off the POC Zone Targets Sub 1.8730

Hi traders,

The GBP/NZD correction might come to a stall as the price is making a U-turn within the important POC zone.

1.8819-20 is an important zone where we can see a confluence of price action and historical sellers. If the price manages to sustain bearish momentum that has been piggybacked from higher timeframes we might see 1.8750, 1.8730 and eventually 1.8710. However, only a strong close below 1.8700 will provide bears with more strength where the target is 1.8652. For bears to dominate it is vital that the price makes a lower high-lower low pattern on H1 timeframe.

The analysis has been done with the CAMMACD.MTF template.

Join Elite CurrenSea’s Forex Live Education in upcoming months.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk