GBPNZD: The configuration is perfect for a reversal

As seen on my previous analysis on EURGBP. The configuration is highly positive for a bearish run on the GBP. So, thinking that GBPNZD will decrease in the next days is quite logic. Of course the strategy will be obsolete if the price breaks out the resistance. Except this all lights are green for a short at least until 1.9700.

Hope this helps !

Kommentar:

The analysis was perfect. After the economic news the pair has fallen by 1%.