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GBPNZD approaching first support, potential for a bounce!

Long
British Pound / New Zealand Dollar (SAXO:GBPNZD)  
TradeGATEHub  
SAXO:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPNZD gbpnzdlong
4
1
trendanalysis harmonicpatterns chartpattern gbpnzd gbpnzdlong
Price is approaching our 1st support, in line with our 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further upside towards our 1st resistance at 1.94184, in line with our 50% Fibonacci extension and horizontal swing high resistance. Price is also holding above the Ichimoku cloud, showing bullish pressure in line with our analysis.

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