Paying attention to GBPNZD on the MN timeframe, it can be seen that this pair is still in the range between R1 and S1. When referring to the Stochastic and bulls power indicators, there is a possibility that the price will move sideways. If it turns out that the pair's price breaks through S1, then go-short could be an option that leads to S2. but vice versa if the price of this pair penetrates R1, go-long positions can be an option.
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