GBPNZD Reversed Off Resistance, Prepare For Further Drop

Short

Sterlina / Dollaro neozelandese (OANDA:GBPNZD)

OANDA:GBPNZD Sterlina / Dollaro neozelandese

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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