A popular currency pair in our Forex Analytix member chatroom today has been the GBPNZD and how we are coming into some key resistance.
The GBPJPY is working a double bottom formation as the pair held the dip to 126.60.
The GBPUSD (Cable) has broken above the neckline of an inverted H&S formation on the 4h chart, following the positive statements form Merkel regarding a Brexit deal.
The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs.
A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.