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GBP/NZD: Bullish Momentum Expected to Resume

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
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FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Technical Indicators GBPNZD Forex forexsignals
5
10
trendanalysis indicator gbpnzd forex forexsignals
Yesterday, GBP/NZD experienced a pullback around the 1.99000 area, which coincided with the 61.8% Fibonacci retracement level. Additionally, there was a divergence observed on the RSI indicator, suggesting that the price is poised to resume its upward movement with a new bullish impulse. As a result, we are currently seeking a long setup for this currency pair.

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