Can’t stay below the 200 bar MA on 4-hour chart.
Yesterday, the GBPNZD was the weakest currency pair. The market was trending. It was staying below the 100 bar MA on the 5 minute chart with little in the way of corrections. At the time, the price was trading below the low from May 11th at 1.8605. The next target was to the low from May 3rd at 1.8544, and then the 200 bar MA on the 4-hour chart (.