GBPNZD recently hit a significant level of resistance and then formed a head and shoulders pattern.
The neckline of this pattern was broken last week and the price is now retesting it and we're seeing a positive bearish reaction.
It appears that selling pressure is accumulating, indicating a potential bearish move in the near future.
The target for this move is around 2.1803.
The neckline of this pattern was broken last week and the price is now retesting it and we're seeing a positive bearish reaction.
It appears that selling pressure is accumulating, indicating a potential bearish move in the near future.
The target for this move is around 2.1803.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.