Seems as if the market is waiting for tomorrow and Friday’s important announcements, most currency pairs are ranging around an important level. This is also the case for the GBPNZD:

My trading plan for the GBPNZD is as follows:

If it breaks the top of the range it will trigger a bullish condition, then I’ll start looking for short opportunities

If it breaks the bottom of the range it will trigger a bearish condition, and I’ll start looking for short opportunities.

Since it is not a well defined range I will no trade the short term range

Trade Safe!

Raul Lopez
Forex Course