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!
Note
Can also see a cup and handle formation - volatile handle part now could potentially lead to a spring up in the near future
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.
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.