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ChrisdeChalain
Dec 5, 2016 9:49 AM

GBPNZD - short term correction  Long

British Pound/New Zealand DollarFXCM

Description

GBPNZD Monthly chart - correction on lower support Trendline. The formation of a bullish reversal in the shape of Tweezer Bottom or Railway tracks comes to mind.

This comes off the back of a Fib Projection outcome that has played out since August 2015. Price has moved 100% of the initial selloff. Correction in play. 76.4% fib level a potential 1st target.
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