swifty0906

GBPZAR - double bottom

Long
OANDA:GBPZAR   GBP/ZAR
Possible long, could reject support and push up to 18.71 which is a neckline, that would confirm a long up to 19.59 although it could bull up to 19.79 at the 0.618 trend based fib extension point, further it could break up to 0.786 based on the long term uptrend it's following. It's an exotic pair so a long term hold would be costly on swap fees. It may form a separate uptrend on a smaller timeframe that could allow for multiple buys to enter when it drops a little bit.
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