Bullish Channel Down Pattern - Elliott wave forecast

FX:GBPNZD   British Pound / New Zealand Dollar
118 0 0
Forecast Summary
Target Level 1.97
Target Period 73 days
Stop Level 1.8750

Channel Down identified at 01-Feb-2014. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.97 within the next 73 days.

Resistance Levels
0.25 fibonacci
Support Levels
0.618 fibonacci
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