gbpnzd

Some trade ideas for FX market

By fmiren | Real World Assets | 22 Jun 2023


GBPNZD:

gbpnzd

 

The pair trades above 10, 20, 50, and 100 EMAs. Price touched 10 EMA but coudln't break it which can be a bullish signal. Given that UK CPI number was higher than forecast, it's expected that Bank of England will raise the interest rate today which supports our thesis.

 

CHFJPY:

chfjpy

The pair trades at its all-time high. I don't think it has lost its steam. Given JPY weakness, I still think it is a string buy.

 

P.S.

Not investment advice. Please do your own research.

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fmiren
fmiren

commodity trader interested in crypto & writing about it


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