GBPNZD 11 Jul 2023

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GBPNZD 11 Jul 2023 on the H4 timeframe, it appears that the pair managed to re-penetrate the 61.8 Fibo level yesterday. It is at 2.07094 and is still likely to continue to rise towards the 100.0 Fibo level. which is also reinforced by the stochastic indicator which also looks to be showing an upward graph. Therefore, go-long positions can be an option for traders. Otherwise if something happens that changes the market situation and reverses the trend then go-short is an option. Keep an eye on volatile market movements.

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