Hello everyone,
A good opportunity has been detected on the GBP/NZD pair.
After strong downward movement on the GBP/NZD, the price
found support on a 161.8% Fibonacci extension level, bounced
and is currently correcting to the upside.
We are expecting the price to reach approximately the 2.0000
price level, which is also a major psychological resistance point,
where we have a 38.2% Fibonacci retracement level, as well as the
100 Moving Average and the 200 Moving Average.
A good opportunity has been detected on the GBP/NZD pair.
After strong downward movement on the GBP/NZD, the price
found support on a 161.8% Fibonacci extension level, bounced
and is currently correcting to the upside.
We are expecting the price to reach approximately the 2.0000
price level, which is also a major psychological resistance point,
where we have a 38.2% Fibonacci retracement level, as well as the
100 Moving Average and the 200 Moving Average.