DeGRAM

DeGRAM | GBPNZD rebounded from resistance

Short
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
GBPNZD rebounced from the resistance and 127.20% fibo inversion.

The market broke and closed below the support level of 2.1000, which became the resistance. 

On the D chart, the market is consolidating.

We expect a 50% pullback from the resistance if the price makes a false breakout of the resistance.


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