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GBP/NZD SHORT FROM RESISTANCE

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
EliteTradingSignals  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis GBPNZD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpnzd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.980 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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