GBPNZD: Time to Fall 🇬🇧🇳🇿

Short

British Pound / New Zealand Dollar (FX:GBPNZD)

Updated

FX:GBPNZD British Pound / New Zealand Dollar

Double Top or Bottom Wedge Multiple Time Frame Analysis Forex trading Technical Analysis forecast GBPNZD pound newzealanddollar

doubletoporbottom wedgepattern mtfa forex trading technicalanalysis forecast gbpnzd pound newzealanddollar

snapshot

Hey traders,

GBPNZD is trading in a long-term bearish trend.

Recently the market retraced to strong daily structure support.
On that, the price formed a double top pattern and then broke a support line of a rising wedge pattern on 1H time frame.

Now I expect a bearish move to 1.9237 / 1.92

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