Bullish run at GBPNZD already stop after strong channel up break at Sept 13.
2.0500 as previous support also as fibonacci .382 still hold bearish movement. But if this support break,
next bearish target at .618 fibonacci support at 1.9877 with 623 pips target.
We can aim for bigger target at 2023 low at 1.8848 with 1661 pips profit projection.
This is long term trade, so I will update more bearish movement at 1 hour timeframe for intraday setup.
Happy trading
2.0500 as previous support also as fibonacci .382 still hold bearish movement. But if this support break,
next bearish target at .618 fibonacci support at 1.9877 with 623 pips target.
We can aim for bigger target at 2023 low at 1.8848 with 1661 pips profit projection.
This is long term trade, so I will update more bearish movement at 1 hour timeframe for intraday setup.
Happy trading
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