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Daily Price for GBPNZD (50 day) is currently mean-reverting
GBPNZD
, 1D
GBPNZD: Daily Price for GBPNZD (50 day) is currently mean-reverting

The GBPNZD daily chart reveals the price has been mean-reverting for the past 50 days. An ADF test using the past 50 days was conducted and reveals that price on the GBPNZD daily chart is stationary.

Potential Pullback to 38.2% for Sell to Downside
GBPJPY
, 240
Short
GBPJPY: Potential Pullback to 38.2% for Sell to Downside

On the GBP/JPY weekly chart, there is evidence of an engulfing bearish candle pattern. Shown here is the 4 hour GBP/JPY chart which illustrates the Fibonacci retracements levels of last week's bearish candle. After this significant move to the downside, I am expecting a pullback to the 38.2% Fib level which confluences with this week's weekly pivot point (not...

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