For long-term analysis, GBPNZD is on a bearish trend (Downtrend)...
But inside the big bearish channel, another channel has formed with ABCD point linking... So it is believed that another E point is forming soon (a retracement wave; on its way to E point)...
After this small retracement wave, the bearish trend will continue... It is expected the price will drop around 1.83800...
*This is a personal sharing and analysis trend, if you wish to follow this analysis, self-risk management, thank you very much*
But inside the big bearish channel, another channel has formed with ABCD point linking... So it is believed that another E point is forming soon (a retracement wave; on its way to E point)...
After this small retracement wave, the bearish trend will continue... It is expected the price will drop around 1.83800...
*This is a personal sharing and analysis trend, if you wish to follow this analysis, self-risk management, thank you very much*