GBP NZD - Does anyone think it will reach resistance @ 2.81

[liquidmoments]

I've just looked at this pair and noticed a very good re-tracement that started on 5th January 09. My indicators tell me that it will go all the way up to 2.81

I would appreciate is someone with more experienced than myself thinks this move may take place .

 

[liquidmoments]

I forgot to add my screen shot

 

[btowntrader54]

This late in the move it may be worth waiting to put on a short in that range instead of trying to catch the final part of a move.

 

[IShopAtPublix]

Next 2-3 trading days it should go to 2.60 (or lower)

 

[btowntrader54]

Quote from IShopAtPublix:

Next 2-3 trading days it should go to 2.60 (or lower)

why?

 

[IShopAtPublix]

Quote from SchraderTrader:

why?

Pullback

 

[increasenow]

man what is the spread on the gbp/nzd?

 

[nukethewhales31]

Quote from liquidmoments:

I've just looked at this pair and noticed a very good re-tracement that started on 5th January 09. My indicators tell me that it will go all the way up to 2.81

I would appreciate is someone with more experienced than myself thinks this move may take place .

hate to tell you this but 2.81 isnt resistance

your indicators are telling you?

just wondering if your indicators account for news ... trader and investor psychology changes.

 

[IShopAtPublix]

Quote from IShopAtPublix:

Next 2-3 trading days it should go to 2.60 (or lower)

I got the general direction right but not the timing. Technically forex has no time value(but it does have rollover).