From the graph, we can see that the price is in the range between strong resistance and strong support at the moment.
Price has been rejected from the strong resistance and according to COT report, GBP is getting bearish than NZD. Thus, we might seek for a bearish in GBPNZD.
In this situation, i will wait for a retest at the circle zone. If there is any sell signal shown at the circle zone, I will enter with short position and TP at 2.01670
Kindly take note that my analysis is based on COT report and technical analysis .
Always keep in mind that we always reacting to the market instead of predicting the market.
Price has been rejected from the strong resistance and according to COT report, GBP is getting bearish than NZD. Thus, we might seek for a bearish in GBPNZD.
In this situation, i will wait for a retest at the circle zone. If there is any sell signal shown at the circle zone, I will enter with short position and TP at 2.01670
Kindly take note that my analysis is based on COT report and technical analysis .
Always keep in mind that we always reacting to the market instead of predicting the market.