GBPNZD approaching resistance, potential drop!

2019년 1월 3일

GBPNZD is approaching our first resistance at 1.9234 (Horizontal swing high resistance, 100%, 61.8% fibonacci extension, 50% fiboancci retracement, Ascending channel's resistance) and a strong drop might occur below this level pushing price down to our major support at 1.8851 (Horizontal swing low support, 38.2% fibonacci retracement, 100% fiboancci extension, ascending channel's support).
Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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