![GBP/NZD Next Month Outlook - ranging to be above 23.6% Fibo support GBP/NZD Next Month Outlook - ranging to be above 23.6% Fibo support](https://c.mql5.com/6/689/splash-649907.jpg)
GBP/NZD Next Month Outlook - ranging to be above 23.6% Fibo support
23 September 2015, 09:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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690
W1 price is above 200 period SMA
(200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with secondary ranging between 23.6% Fibo support level at 2.3791 and Fibo resistance level at 2.5192.
If the price will break 23.6% Fibo support level at 2.3791
so we may see the secondary correction to be started.
If the price will break Fibo resistance level at 2.5192 from below to above so the primary bullish condition will be continuing.
If not so the price will be ranging between the levels.
Trend: