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GBP/NZD Technical Analysis

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
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OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns GBPNZD gbpnzdshort gbpnzdlong gbpnzdanalysis gbpnzdsell gbpnzdforecast gbpnzdsignal gbpnzdidea gbpnzd4hr
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trendanalysis chartpattern gbpnzd gbpnzdshort gbpnzdlong gbpnzdanalysis gbpnzdsell gbpnzdforecast gbpnzdsignal gbpnzdidea gbpnzd4hr

The counter has broken down a head and shoulder pattern.
The pattern is right inclined which portrays extreme negativity in the counter.
Hence, we expect the pair to be bearish in the short-term.
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