GBP/NZD breaks trend line support , targets 2.270
GBP/NZD has broken trend line support 2.36 and break below targets 2.3150/2.2699.
It is facing strong resistance around 2.4025.Any break above 2.4025 only confirms further bullishness, a jump till 2.45 (161.8% retracement of 2.4027 and 2.3147)/2.53 (161.8% projection of 2.4027 to 2.2699 from 2.3155).
It is good to sell around 2.3625-50 with SL around 2.4025 for the TP of 2.3050/2.2270
It is facing strong resistance around 2.4025.Any break above 2.4025 only confirms further bullishness, a jump till 2.45 (161.8% retracement of 2.4027 and 2.3147)/2.53 (161.8% projection of 2.4027 to 2.2699 from 2.3155).
It is good to sell around 2.3625-50 with SL around 2.4025 for the TP of 2.3050/2.2270