GBPNZD: Bearish Outlook 🇬🇧🇳🇿

Short

British Pound / New Zealand Dollar (OANDA:GBPNZD)

OANDA:GBPNZD British Pound / New Zealand Dollar

Fibonacci Support and Resistance Supply and Demand GBPNZD priceaction priceactionanalysis priceactiontrading priceactionstrategy forecast

fibonacci supportandresistance supplyanddemand gbpnzd priceaction priceactionanalysis priceactiontrading priceactionstrategy forecast

snapshot

GBPNZD is coiling around a peculiar intraday zone of confluence:
we see a perfect match between a horizontal demand area and 618 retracement of the last bearish impulse.

I expect a bearish move to 1.899 / 1.881 levels from that.

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