FX:GBPNZD   British Pound/New Zealand Dollar
76 0 1
GBPNZD             - range bound for the best part of two weeks. Looking for a short position on the breach of the 0.236 fib level targeting the top of the red shaded rectangle (immediate support) gaining a good 120 pips. From there, I shall be looking for reasons to go long, back to the top of the range following the longer term trend.
Price is clearly consolidating at the moment in this 550 pip range and I shall trade this and then hopefully trade the breakout also.
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