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UnknownUnicorn890690

GBPNZD 4H Chart: Set for a breakout

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
UnknownUnicorn890690  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdshort pound canadiandollar GBP CAD
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trendanalysis chartpattern indicator gbpnzd gbpnzdshort pound canadiandollar gbp cad
The Pound Sterling has continued to surge against the New Zealand Dollar since the last time the pair was reviewed. However, there has been some negative development during this period.
 The currency pair has been trading in a large-scale triangle after it hit the lower boundary on January 11. Also, the exchange rate has formed a new junior channel during this period.
Given that the GBP/NZD pair is currently trading sideways, traders should expect a breakout in either direction in near future. In addition, technical indicators favour a breakout south .
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