Type: Bearish ReversalKey Levels:Resistance:1.97657Pivot:1.96901Support:1.94053Preferred Case:Price is reacting at the graphical overlap, we can then expect price to make a reversal. We can expect price to drop from pivot level in line with 61.8% Fibonacci projection towards 1st Support in line with 127.2% Fibonacci projection and 38.2 % Fibonacci retracement.Alternative Scenario:Alternatively, price might push up to the 1st resistance in line with 78.6% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpnzd-h4-or-potential-bearish-reversal"
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