GBP/ZARShort
06.07.19 GBPZAR Outlook
GBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.