mql5

GBP/NZD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud in the bearish area of the chart for the ranging within the following key support/resistance levels:

• 1.7995 support level located below Ichimoku cloud and Senkou Span line in the bearish area, and
• 1.9048 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started.

If the price breaks 1.7995 support level to below on close D1 bar so the bearish trend will be continuing.
If the price breaks 1.9048 resistance to above on close D1 bar so the local uptrend as the bear market rally will be started.
If not so the price will be continuing with the ranging within the levels.