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DAdepa
Feb 16, 2023 2:09 PM

GBPNZD....SELL (200 PIPS) Short

GBP/NZDOANDA

Description

After GN bounced off at a resistant price value at 1.9237, it has retraced to last week Friday's range. GN has a poor momentum to be bullish for now and hence technically, i see GN re-visiting this weeks Monday's low at 1.8997. But I do expect GN to close this week below its previous low at 1.8997. Currently trading a bit above the 78.6% fibo mark.

NB: Eyes on the breakout zone ( Blue Box Region)
Red Box ( Possible rejection zone)
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