Much gratitude & appreciation for your time, this annual Forex blog will be brief, I'm not reviewing the trend directions of Sterling pairs like previous years if your a trader you should already be doing that. Let's get started, Sterling now that Brexit is over is retracing bullish overall, Brexit was basically a technically & fundamental support level. Take a few minutes & REVIEW MY BLOG'S for year's 2017 & 2012 you will receive excellent major support & resistance levels for Sterling pairs that will offer the correct directions of the currency pairs.
GBP/NZD- what a amazing opportunity long term, since the second half of 2021 the support for a bullish trend is excellent as of this blog post today is 01/05/2022 Wedensday the pair is at: 1.9850+/- Overall with the BOE being hawkish & continues the direction of raising interest rates, the pair is setting up over the next 48 months for one of the greatest BULL reversal trend in modern Forex history!
The confirmation prices for support of the BULL (GBP/NZD) are:(A.) ( 1.96411) below is a bearish trend, next support level is: (B.) (1.99716) & the third support level for BULLISH trend confirmation is: (C.) (2.00811) So as of today we are showing strong support above (A.) the first level only being at 1.9850+/- Ok, so A. B. & C. are extremely strong support & resistance levels for this pair however there's one more support & resistance level that is basically THE BEAST, a price range that when BULLISH support is reach, meaning the price remains BULLISH above, historical data shows it will be a major major BULL, reaching the high prices from the Bush/Blair era (2000-2007+/-) I would trade this pair in 2022, OH, I am sorry, the price level for a EXTREME BULL BEAST IS: (D.) (((2.02165))) THIS IS THE PRICE LEVEL (achieving support above) FOR AN AMAZING BULL LONGTERM!!! Adding the 200 M.A. the 432 M.A. & the 1440 M.A. will be benefical the levels often offer correct trend direction/reversals points of trends shorterm & longterm base on what timeframe you are using
. GBP/JPY has been BULLISH is breaking support/resistance levels that I have already posted in previous year blogs. GBP/USD has to find support above (1.3600) this is a MAJOR support/resistance level & Sterling just hasn't done it as of this blog. GBP/AUD GBP/JPY & GBP/NZD show more opportunites for bullish trend trading overall.
Great day & thank you for you time!
Mr. Gregory Cornell Johnson Jr.
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