DeGRAM | GBPNZD triangle breakout

Short

British Pound / New Zealand Dollar (FX:GBPNZD)

FX:GBPNZD British Pound / New Zealand Dollar

trendanalysis chartpattern supportandresistance gbpnzdanalysis gbpnzdsignal

GBPNZD broke and closed below the consolidation zone, then retested it. Price action printed a bearish tweezer top candlestick formation.

The market has tested the support level multiple times before, and there is a high chance that level is going to be broken.

We expect breakout of the support.

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