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KarYong

GBPNZD - Time for a reversal lower?

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
KarYong  
FX:GBPNZD   British Pound / New Zealand Dollar
Beyond Technical Analysis Wave Analysis GBPNZD BOE technical Elliott Wave
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beyondta waveanalysis gbpnzd boe technical elliottwaves
Price has been rally from the low at 1.7398 since end of July to the recent high around 1.8250 region in a 3-wave structure hitting the minimum targeted expectation.

We are now expecting a correction lower potentially towards 1.7853 area.

A break below the trend line structure will confirm the downside potential on GBPNZD.
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