Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: GBPNZD: Waiting For Breakout
Classic moment of confusion on GBPNZD pair.

From buyers perspective, we see a major rising trend line
that serves as a safe point to buy from.

From sellers perspective, the market remains bearish from the beginning of the month
and the price keeps falling within a falling parallel channel .

To clarify the direction of the next swing move, I suggest waiting for a breakout.

In case of a bullish breakout of a falling channel ,
a bullish continuation will be expected.

In case of a bearish breakout of a major trend line ,
the market will most likely drop sharply.

Wait for a breakout & follow the market.

What do you think will happen? [/s2If]
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