FORECAST BY MARIUS GHISEA (MAY 24-29)

According to the daily chart, this pair is still overbought. GBP/NZD might fall around 2.06 where is  Fibo 61%. A triangle was formed on MACD between February 2 and May 22. This triangle indicates also the retracement for this pair.

GBPNZDdaily-page-001

Also H4 chart indicates the beginning of the decline for GBP/NZD below RSI50. This pair might fall in medium term below 2.05 where is EMA200GBPNZD 4h-page-001

 

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