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MujkanovicFX

GBP/NZD at important resistance ahead of Brexit

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
MujkanovicFX  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis GBP NZD GBPNZD brexit Forex signal tradeidea setup IDEA
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trendanalysis indicator beyondta gbp nzd gbpnzd brexit forex signal tradeidea setup idea
Similar to GBP/AUD, the GBP/NZD pair is at an important resistance zone and today's candle already shows increased selling pressure.

The pinbar pattern of Friday is a sign that the pair could have difficulties to break above the 2.00 level in a new attempt. The level is also an important psychological resistance.

Notice the hidden bearish divergence in the RSI.

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