FX:GBPNZD   British Pound / New Zealand Dollar
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5 timeframes of Ichimoku Cloud are bearish .
This was my analysis on the weekly based on the Fibonacci retracements - there is a chance it will rebound back to the backside to test it once more - hopefully not.


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Hi John. I'm in short too based off a weekly with target at 1.8888. The last candle on the weekly was a failed test of the backside of the up trend line. I also see monthly consolidation since 2010 between 1.8542 and 2.0920. I think based on this its heading back to the monthly support 1.8542. All the best with it :-)
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Hi Nica521, thank you for backing me up on this :-) Yes, indeed 1.8880 Target is very good target, I am just trying to be less greedy in return to higher probability of hitting a target.
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