GBP/NZD Breakaway Gap Move Close To 88.6 Fib Retracement

The GBP/NZD has formed a breakaway gap and the price is just going up without any significant retracement.

If the price gets in the POC zone, we might get a chance to sell. The price is currently close to DH3 but another momentum push to the upside might give us the chance to sell again. Targets are 0.8916, 0.8860 and 0.8765. Only below 0.8765 we could see a gap close. Watch out for the POC zone and a potential move down. 

(Click on image to enlarge)

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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