Looking at the recent price action, in line with EW wave count from daily chart from December. Looking at price completing wave structure towards 1.18.
Intra day wise looking at price meeting some overhead resistance at the 1.15700-1.16100 handle, coming down and possibly testing previous resistance turned support around the 1.14800-1.1500 handle.
Possible GBPNZD short.
Falling trendline from may 2016 High acting as resistance on daily chart.
current price action trading in rejection areas based on previous price action.
First price target becomes 50% fib, also coincides with previous support.
Second target: Look to use rising trendline from October 2016 as support.
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