RJ711

Daily 9EMA Contextual Clues for a Rollover

Short
FX:GBPNZD   British Pound / New Zealand Dollar
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We are beginning to show a daily slope below the 9 EMA . This is encouraging for bearish action but still in the very early stages.

1.9330 - DS2 and trendline, this is the level shorts should be paying attention to. If it cracks downside pressure should ensue.

Below that, 1.93 psych barrier, 38.2% retracement and WS1 could act as the next magnet.

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