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GBPNZD - Breaking Bullish Structure

FX:GBPNZD   British Pound/New Zealand Dollar
213 0 5
Greetings Fellow Traders,

GBPNZD             looks like its about to confirm the 4 hour candle breaking/retesting the structure. If it closes 2.21000 or lower - look for strong sells down to 2,2020 and then a further break would lead to much lower lows such as 2.18 or beyond.

Keep in mind that the long term structure of GBPNZD             , similar to GBPAUD             does not change with this move lower that could last several days. Long term outlook remains bullish and this would likely lead to another buying opportunity lower.

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