gbpnzd is caught in sideway action. gbpnzd is respecting daily bull trend line still so buyers are still in it. it recently rejected the .50 fib retracement from the move down after rejecting 2.0500. the downward move also met support at 1.88000 and bounced off daily trend line creating w patter and showing bulls strength still. im expecting a minor retracement to 1.92000 before continuing to .618 fib retracement at price 1.99000.
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