Timonrosso

GBPNZD seems bearish to 1.8267 with a warning

Short
OANDA:GBPNZD   British Pound / New Zealand Dollar
Inverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle)
MAs all clustered which signals indecision with which direction it wants to go.
There is clearly strong momentum to the downside and so the target is 1.8267
With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going.
The aftermath is showing more downside to come.
Bearish bias

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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