Price Action Context

Following the very strong impulsive selling during Q4 last year, which took the pair roughly 2300 pips lower in a couple of months, price has been pulling back correctively since, and is now arriving at the LT key resistance around ~1.96-1.98.

Trending Analysis

Neutral LT bias and bears can look for potential trading locations around the LT key resistance.

Key Support & Resistance Zones

R: 1.9560 – 1.9840
S: 1.8590 – 1.8740

GBPNZD

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