Long

GBPNZD Bullish Continuation - Will Buyers Push Toward 2.28000?

is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish impulse suggests that buyers are maintaining control, indicating a potential continuation toward the upper boundary.

The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward 2.28000, which aligns with the channel’s upper boundary.

As long as the price remains above this support zone, the bullish outlook remains valid. However, a failure to hold the support zone would invalidate the bullish scenario and open the possibility for a deeper pullback toward the channel’s lower boundary.

Remember, always confirm your setups and trade with solid risk management.
Best of luck!

TrendDiva

Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8

👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation

Also on:

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.

TrendDiva

Also on: