-647 Points Reached in GBP/NZD Buy Signal

Reason for Buying GBP/NZD : 

GBP/NZD was moving between the ranges in H4 Chart.

Market broken the top level of the range with Buyers pressure.

After the confirmation of upward movement, GBP/NZD Buy signal was given to our members.

Due to the negative news release of GBP (CPI & PPI), all GBP pair becomes weaker in short time after the result.

The fundamental news has affected the technicals.

Please note : In forex market 80% of time technical works well and 20% of time fundamental works.

Fundamental wins the game now. Due to this fundamental movement, GBP/NZD has went down in short time.

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Forexgdp Team.

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