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Gbpnzdlong

GBPNZD - Bullish Bias🇬🇧 GBP - Strong Bullish 1️⃣ Bailey says that the BOE is likely to have to raise its interest rates to combat inflationary pressures over the next 2 to 3 years, even though the economic recovery in the UK is slowing. 2️⃣ Policymaker Michael Saunders reiterated that the central bank will need to raise interest rates next year if growth continues and inflation rates are rising. 3️⃣ The inflation rate for August is expected to pick up amid rising price pressures in both the manufacturing and services sectors. 🇳🇿 NZD - Strong Bearish 1️⃣ A negative market environment can depress high-beta currencies such as the NZD. ===== Technical ===== The price break the recent resistance. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
GBPNZD Swing Long (Higher Timeframe Analysis)If you like this idea, like it and follow me for more. Colour key: Blue = monthly, Pink = weekly, Grey = daily/4H/1H If you look at GN on monthly/weekly, you can clearly see it's in an uptrend. I've drawn out multiple supply and demand zones, as well as key levels, from the higher timeframes (see the colour key). I believe we may see a drop to the second-to-bottom blue zone before price reacts to it and flies upwards. My two targets will be the two pink zones above the entry point. I believe price should make it's way up to the first pink zone before a minor correction and ultimately heading further upwards. Updates to follow, follow me to see them
Long
by darbova
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