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GBP/PLN: Body Politic

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Over the past 52 weeks the GBP/PLN cross saw its low on 7 May 2015 at zł5.45613. From the low point the Zloty weakened 9.6% in a broken pattern to zł5.9791 per, by August 2015. From this intermediate GBP/PLN high, the cross began to reverse, giving up 4.84% to an intermediate low of zł5.6898 per, by October. This was followed by a sharp reversal to a GBP/PLN 52 week high at zł6.08181 vs the pound; a 6.446% gain for the Zloty. From the GBP/Zloty high, another sharp reversal followed to a second

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