GBPNZD is maintaining a bearish structure as price continues to trade below the Ichimoku Cloud. The Conversion Line is positioned beneath the Base Line, confirming downside momentum and signaling sustained bearish pressure. With price remaining under cloud resistance and the Chikou Span not showing signs of reversal, the short bias stays intact. This setup aims for a 2:1 risk-to-reward ratio, targeting continuation of the current downward move as long as bearish alignment holds.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.