Short

GBP/NZD:Price in Bearish channel , Waiting for new SHORT Impulse

Updated

GBP/NZD is struggling inside a compression area. The minimums and highers are lower and looking at the main scenario, ( we are in a strong Downtrend ) we think a new Bearish impulse to come in soon. The Stochastic and the RSI also are uncertain but the price before has a correction for the upward need to go over the Resistance area and the Fibonacci levels where in the past the price already had a rejection movement from these. Our forecast is for a Bearish scenario.

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