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GBPNZD approaching support, potential bounce!

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
Tickmill Broker  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Harmonic Patterns GBPNZD GBP NZD gbpnzdlong gbpnzdshort
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trendanalysis chartpattern harmonicpatterns gbpnzd gbp nzd gbpnzdlong gbpnzdshort
GBPNZD is approaching our first support at 1.9333 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.9568 (100% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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