Monitor attentive; 1.77000 level
GBPNZD, H4, the price level is supported by 1.77000; historic lows area I visit twice this year, once in July and then again in August.
Only in April 2013 the price was supporting in this area, and then climbed up to 2.51000 in August 2015.
Successive price rebounds in July and August were dwindling; then break 1.79000 level would mean that possible upward movement reaches the area 1.81000 - 1.81500; and just above that level you can think of upward movement of great route.
If the price falls below the 1.77000 level, then great downward movement could occur.
https://4.bp.blogspot.com/--ls9YgbLF...DH4-100116.png