GBPNZD 4H Chart: Set for a breakout

FX:GBPNZD   英鎊 / 紐元
The Pound Sterling             has continued to surge against the New Zealand Dollar             since the last time the pair was reviewed. However, there has been some negative development during this period.
 The currency pair has been trading in a large-scale triangle after it hit the lower boundary on January 11. Also, the exchange rate has formed a new junior channel during this period.
Given that the GBP/NZD pair is currently trading sideways, traders should expect a breakout in either direction in near future. In addition, technical indicators favour a breakout south .
See more at the Dukascopy Analytics page

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