π GBPNZD Price Forecast π
GBPNZD is currently in a selling zone, forming an Inverted Flag and Pole pattern, which is a bearish continuation signal. The pair is trading below the 200 EMA, reinforcing strong downside momentum.
The market is approaching a breakdown of the flag pattern, with a strong bearish candle nearly confirming the move. Based on the pole height projection (350 pips), this setup offers significant profit potential.
π― Technical Target Levels:
- 2.1600
- 2.1425
π Key Highlights:
- Inverted Flag and Pole pattern indicates a continuation of the bearish trend.
- Trading below the 200 EMA, confirming selling pressure.
- Target range of 350 pips, offering an excellent opportunity for traders.
- Watch for a confirmed breakdown of the flag pattern to enter.
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