GBPNZD: short setup from daily support at 2.27178GBP/NZDOANDA:GBPNZDThe_Traders_HouseGBPNZD has approached a local, yet clearly confirmed support level at 2.27178. We can see a fakeout of the level on the chart and a complete lack of reaction to it. On the contrary, instead of a correction, the asset has entered consolidation right above the level, which likely indicates it's preparing for a breakout.