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GBPNZD approaching support, potential bounce!

Long
FX:GBPNZD   British Pound / New Zealand Dollar
Price is approaching our first support (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce to our major resistance (38.2% Fibonacci retracement) might occur. Stochastic is also approaching support as well.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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