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Apr 12, 2019 9:42 AM

SHORT GBPNZD Approaching Resistance, Prepare For A Reversal Short

British Pound/New Zealand DollarFXCM

Description

GBPNZD is approaching its resistance at 1.9620 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 1.9062(38.2% Fibonacci retracement , horizontal swing low support).
tochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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