📈 GBP/NZD Analysis – Bullish Breakout in Play?
Overview:
The GBP/NZD pair has broken above a long-standing bearish trendline and is currently retesting a key support level near 2.24085. This level has acted as a solid base after the price exited the previous range zone.
Technical Highlights:
✅ Bearish Trendline Breakout – The downtrend has been breached, indicating potential bullish momentum.
✅ Support Holding Strong – 2.24085 has been respected multiple times, reinforcing its importance.
✅ Higher Lows Formation – Price is forming a structure of higher lows, confirming bullish bias.
Next Resistance Target: 2.27683
Potential Scenarios:
Bullish continuation towards resistance with a breakout above 2.2600.
Possible pullback to trendline or support before resuming uptrend.
Trade Idea (Not Financial Advice):
Look for long entries on bullish confirmation above the trendline or on a pullback to support. Set TP around 2.2750 – 2.2780 zone.
Risk Management: Always use stop-loss and proper risk-to-reward ratio.
💬 What do you think? Are we heading to 2.2768 or will the support get retested again?
#GBPNZD #ForexAnalysis #TradingView #BreakoutTrade #PriceAction
Overview:
The GBP/NZD pair has broken above a long-standing bearish trendline and is currently retesting a key support level near 2.24085. This level has acted as a solid base after the price exited the previous range zone.
Technical Highlights:
✅ Bearish Trendline Breakout – The downtrend has been breached, indicating potential bullish momentum.
✅ Support Holding Strong – 2.24085 has been respected multiple times, reinforcing its importance.
✅ Higher Lows Formation – Price is forming a structure of higher lows, confirming bullish bias.
Next Resistance Target: 2.27683
Potential Scenarios:
Bullish continuation towards resistance with a breakout above 2.2600.
Possible pullback to trendline or support before resuming uptrend.
Trade Idea (Not Financial Advice):
Look for long entries on bullish confirmation above the trendline or on a pullback to support. Set TP around 2.2750 – 2.2780 zone.
Risk Management: Always use stop-loss and proper risk-to-reward ratio.
💬 What do you think? Are we heading to 2.2768 or will the support get retested again?
#GBPNZD #ForexAnalysis #TradingView #BreakoutTrade #PriceAction
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥Join Telegram Channel For Free
t.me/Jamespipster
📢Join my telegram channel daily free signals VIP group available daily signals 2/3 confirm join VIP group accuracy 85%
🔥Join Telegram Channel For Free
t.me/Jamespipster
t.me/Jamespipster
📢Join my telegram channel daily free signals VIP group available daily signals 2/3 confirm join VIP group accuracy 85%
🔥Join Telegram Channel For Free
t.me/Jamespipster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.