Targeting the 61.8% fib level

Short

British Pound / New Zealand Dollar (FX:GBPNZD)

Updated

FX:GBPNZD British Pound / New Zealand Dollar

Trend Analysis Chart Patterns GBP NZD GBPNZD short Bearish Patterns SELL pattern price

trendanalysis chartpattern gbp nzd gbpnzd short bearish sell pattern price

We are currently in a pullback which is forming a flag. Price broke strongly my 4 EMA's to the downside.

With GBP being very weak today I am expecting the pair to test again the 61.8% fib level which will be my target.

Trade at your own risk

Trade closed: target reached

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