GBP/NZD: Bearish Prognosis

 | Jan 30, 2017 08:54AM ET

GANN natural level 405 degree (1.74833) 360 degree (1.73513) 0 and 315 degree (1.72855) show strong resistance zones. At the same time emerging bearish head and shoulder pattern. Go short when price break 270 degree GANN Level (1.72198). Set SL at 315 GANN angle 1.72855.

Levels to monitor

GANN angle 225 degree(1.71543) and 180 degree (1.70888). Keep trailing SL.