GBPNZD – 3rd Time Lucky?

30 Jan - GBPNZD Daily

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Hi All,

Just a quick market update. I’m looking at GBPNZD now and price is approaching an all time low support around 1.86 level. As shown above (Green arrow), Price will be testing this level for the third time.

Also to note is that price has been making lower lows (blue trend lines). As mentioned in my previous article, price action seems to suggest that the sellers are taking control here (see related article). This is definitely one to watch.

Ps. Apparently No 3 has some  significance in the Financial Markets, I just need to remember who said it… Lol

Happy trading!

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  • The Lazy Trader

    Reply Reply February 3, 2013

    A shame this one broke through it’s all time low. Time sit back and wait for a retest, no?

  • Alwin Ng

    Alwin Ng

    Reply Reply February 5, 2013

    Let’s see if we can find a false break then.. Or else… life goes on I guess.. 🙂

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