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Aim GBPNZ for 2.265

ijayakumar Posted 4 Jan.  in #Trader's blog #Gbpnzd
Long time down trend of GBPNZ has come to an end, by a sudden high bounce up because of poor Chinese Manufacturing PMI data. Along with that, tomorrow's UK's Construction PMI data may propel this pair even higher, as risk off aversion slowly starting again. Please find the GBPNZD 4 HR chart,
As this pair broken the double top quite easily today because of the risk aversion setup, the up trend may extend for some more time in this pair.
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GBPNZD may go high if NZ business activity fails

ijayakumar Posted 29 Nov.  in #Trader's blog #Trend Line #Gbpnzd
Great Britain had a worst week and it is expected to appreciate now, before moving into a decider. If, Today's NZ business activity fails to meet the forecast, then there is a high possibility that GBP may take a short bull run NZ. Please find the 4 HR chart analysis of GBPNZD,
The chart clearly shows that the weakness of this pair again brought down to 2.3 range. But, as the previous action in November 2nd week suggests, now the price is struggling in same price movement and we can expect a bu…
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