Price is dangerously close the support at 7.2780, therefore the sideways red arrow. The red arrow still means the direction of highest probability is bearish for today but wait for price to violate latter mentioned support before making any decisions
Should price move above 7.3820, then the ZAR will be situated within a bullish probability
To see more analyses on FX pairs such as EUR and GBP, please go to my website http://www.stocksanalysis.co.za
Enjoy!
Johan Kriek
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