GBP/NZD Signal - Feb. 14, 2013

|

By: DailyForex.com

The GBP/NZD pair is currently breaking one of its major weekly supports at 1.8540. Investors will therefore seek to take advantage of the trend that is taking place as it was an historical support for this pair. The theoretical target of the figure is 1.72, which can mean to either take a bearish position now or wait for a pullback on the support and take the risk of missing the movement.
Direction: Sell
Entry: 1.8309
Stop-loss: 1.8665
Take-Profit: 1.72

GBPNZD Signal 21413

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.