SHORT GBPNZD approaching resistance, potential drop!

GBPNZD is approaching our first resistance at 1.9511(100%Fibonacci extension, 61.8 Fibonacci retracement% , horizontal swing high resistance) where we might see a drop in price to our first support at 1.9297 (horizontal pullback support, 61.8% Fibonacci extension , 23.6% & 38.2%Fibonacci retracement ).

Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.

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Chart PatternsforexsignalsGBPGBPNZDHarmonic PatternsNZDTrend Analysis

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