Absolutely stunning price action. Break and retest of the trend line. First target is 161.8% level of fib extension. But for future there is huge potential for even bigger drop, as fundamental situation of GBP will continue.
EURNZD has finished a correction wave - potentional target is at 100% fib level, which is strong area where I will wait for the reaction.. After breakout is potential target at 161.8% fib level.
USDHUF has created double top and has started potentional 5th wave. Target is 100% of fib extension and long-term potentional target, after break of strong support is at 161.8% of fib extension level.
USDZAR has been consolidating for a while and creating a retangle. I does smooth moves every day, so I personally will wait for break of the structure. Then for break of the 16.36220 price level area for long term sell - strong resistance area.
This is how I see GBPNZD and this is only my personal analysis. I would like to see rejection from trend zone between 50-61,8% of fibs retracement for short continuation.