ProjectSyndicate

gbpnzd daily outlook bears will target 8500

Short
FX:GBPNZD   British Pound / New Zealand Dollar
This is daily chart for GBPNZD, speculative H*S setup in progress.
Left/Right at 9550/9600. head at 9850. neckline at 8850.
bears will be targeting re-test of 8500 after the pattern is completed
and we break down below neckline. Recommended strategy in this
market: short sell rips/rallies near right (9550/9600). initial TP bears
is re-test of neckline at 8850.

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