GBPNZD, H4 | Potential Bullish Momentum

39668 gbpnzd h4 potential bullish momentum

Type: Bullish RiseKey Levels:Resistance: 1.96554Pivot: 1.94163Support: 1.92756Preferred Case:On H4, price is bouncing off Ichimoku indicator we have a bullish bias that price will rise from our pivot at 1.94163 where horizontal pullback support is and is expected to approach the first resistance level at 1.96554 in line with the swing high resistance.Alternative Scenario:Price may break through pivot level and approach 1st support at 1.92756 in line with pullback support, 78.6% Fibonacci projection and 61.8% Fibonacci retracement.

Source: Tickmill

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