GBPUSD,NZDUSD possible bullish breakouts 21/02/2017


GBPUSD could possibly break out of the  triangle after bouncing off the  1,2408 support level , If price breaks out of the triangle on the upside we look to see it face resistance at 1,2557 level and furthermore the highs of 1,2655. If it breaks on the downside the  initial support will be at the level 1.2351.


NZDUSD if facing support at the base of triangle and support level 0.7125, we could see a sustainable bullish force to break out of the  triangle and the 4hr 200ema to test the resitance zone at 0.7720 -40 . Breaking down f the support level will face a new support at 0.7075.




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