GBP/NZD long positions look more rational

Forex GBP / NZD Technical Analysis | Our expectations:

The price goes above the Ichimoku cloud which creates expectation of an upcoming upward movement after short-term consolidation. EMA5 crossed over EMA20, which signals positive sentiment in the pair, with SL being at 1,9000.

CCI (14) breaks over 100 – positive signal.

The color change of the Ichimoku’s cloud gives more on the positive side.

Alternative Scenario: If the price goes back under the cloud or EMA5 passes under EMA20, it will cancel the bullish scenario.

 Trader Nikolay Georgiev

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