GBP NZD - Does anyone think it will reach resistance @ 2.81

Discussion in 'Forex' started by liquidmoments, Jan 15, 2009.

  1. I've just looked at this pair and noticed a very good re-tracement that started on 5th January 09. My indicators tell me that it will go all the way up to 2.81

    I would appreciate is someone with more experienced than myself thinks this move may take place .
  2. I forgot to add my screen shot
  3. This late in the move it may be worth waiting to put on a short in that range instead of trying to catch the final part of a move.
  4. Next 2-3 trading days it should go to 2.60 (or lower)
  5. why?
  6. Pullback
  7. man what is the spread on the gbp/nzd?
  8. hate to tell you this but 2.81 isnt resistance

    your indicators are telling you?

    just wondering if your indicators account for news ... trader and investor psychology changes.
  9. I got the general direction right but not the timing. Technically forex has no time value(but it does have rollover).