Primafx-Tradenex

GBPNZD BUY 1.95118
SL:1.94818
TP1:1.95318
TP2:1.96118

the market get to test the support zone and got declined by consolidating , the prior candle had to break it attemption of uptrend movement formation.

US Dollar Outlook: Fed Taper Talk at Jackson Hole is Key

US Dollar bears have been in the driver’s seat and steered the broader DXY Index nearly -1.0% lower since Friday. This appears to follow a deterioration in economic data and global growth outlook, which could be enough for the Federal Reserve to delay an announcement of a timeline for tapering asset purchases.

With markets walking back expectations that the Fed might use its annual Jackson Hole Symposium as a platform for outlining what the taper timeline might look like, it comes as little surprise that the US Dollar has pared recent gains. Broad-based selling pressure across USD price action could continue if FOMC officials remain cautious with their guidance owing to the delta variant of COVID-19 and its potential to derail the economic recovery.
10
17:08

USDJPY SELL 109.973
SL:110.123
TP1:109.823
TP2:109.673

the price got declined from the prior resistance zone , current price broke the hourly trendline and the support zone