GBP/NZD - Next Target?

 | Jun 04, 2015 08:47AM ET


Currently, GBP/NZD is at 2.1544. We are looking for a continuation to the Fibo resistance area at 2.1681. However, be aware that this may also be forming a head and shoulders pattern. The average daily true range (ATR) for the pair currently is 216 pips.