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Klimex

GBPNZD Reversed Off Resistance, Prepare For Further Drop

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
Klimex  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBP NZD gpbnzd forexanalysis forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbp nzd gpbnzd forexanalysis forextrading forexsignals
GBPNZD reversed off its resistance at 1.9008 (100% Fibonacci extension ,38.2% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.8764 (61.8% fibonacci extension ,horizontal swing low support).

Ichimoku cloud is also showing bearish cloud where a corresponding drop is expected.
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