GBP

Well - next stop 100WMA at .76, then 200, and possibly top of channel....

Thanks OGWT - I went long at .7355 - hoping for a break of the weekly trendline, it's been knocking on that line for while - has to get through sometime (OK, no it doesn't but...). Then on to at least .75 if not weekly 100MA a bit above .76. With BOE having to be dovish as well - it looked right to me. Only thing is it's still well within a downward monthly channel.

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Hello all,

Just an FYI - quite late to mention...but I use Gain (forex.com) and I didn't get stopped out of the GBP/NZD trade (I think the day of the RBNZ decision) - I can't recall the high, but I'm pretty sure it was about 30-40 pips below the stop. I've held it since and am well in the green. Perhaps question your broker or change to another if you were stopped out. Seems like quite the difference....

Happy trading and holidays all!
Rob

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