GBPNZD: Bearish Sentiment

GBPNZD – H4 Timeframe

The 4-hour timeframe chart of GBPNZD shows price inching closer to a critical supply zone. The supply zone is around the 88% of the recent break of structure and features other confluences like;

• The daily timeframe pivot zone;

• Double break of structure pattern;

• Liquidity sweep from the induced highs.

Analyst’s Expectations:

Direction: Bearish

Target: 2.11120

Invalidation: 215220

TRY TRADING NOW

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

Share with friends:

Author: Adetola-Freeman Ogunkunle