GBPNZD - 1H CHART ANALYSIS

Hi guys,

Please see my analysis of GBPNZD attached.

As we can see on the chart price has pushed up to a resistance area which has been respected since may 21st.

If we take a look at the indicators we can see the RSI is pushing up to the overbought area and the stochastic lines are almost crossing over, both are signs of a potential reversal and push to the downside.

I will wait for this hourly candle to finish before potentially entering a sell positon, below I will list my stop and take profits:

- SL: 1.97834
- TP1: 1.96950
- TP2: 1.96638

Any comments, likes or a follow would be appreciated.

DWFX