GBP/NZD:Bullish Momentum Intact with Potential for Fresh Impulse
The GBP/NZD is currently exhibiting a sustained bullish trend across all timeframes. Yesterday, the price initiated a retracement after experiencing a pullback at the 50% Fibonacci level from the previous swing. Based on this, our analysis suggests the possibility of a new upward impulse, with a target for profit-taking in the 2.0800 area.
However, during the European trading hours on Thursday, the 2-year UK gilt yield has declined by nearly 1% for the day. This decline in yield poses a challenge for the GBP/NZD to gather bullish momentum. Additionally, the UK's FTSE 100 Index remains in negative territory, thereby limiting the potential gains for the risk-sensitive Pound Sterling. Despite these factors, we are still on the lookout for a bullish setup in the GBP/NZD.
However, during the European trading hours on Thursday, the 2-year UK gilt yield has declined by nearly 1% for the day. This decline in yield poses a challenge for the GBP/NZD to gather bullish momentum. Additionally, the UK's FTSE 100 Index remains in negative territory, thereby limiting the potential gains for the risk-sensitive Pound Sterling. Despite these factors, we are still on the lookout for a bullish setup in the GBP/NZD.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.