GBPNZD upside reversal beginning

GBPNZD bounce off the strong support

 

GBPNZD has bounced from the strong support. The pair has bounced off the strong support 1.8900 and has broken above the first upside reversal resistance 1.9000. A break above this level is opening a possibility for a complete upside reversal from a preceding downtrend and a test of the 1.9350. The next strong resistance before this is 1.9180.

Note: look for the long trade entries with the stop loss below 1.9000

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GBPNZD price action trading strategy

 

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