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Gbpnzdshort

GBP/NZD - Triangle Breakout (05.06.2025)The GBP/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 2.2345 2nd Support – 2.2285 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KABHI_TA_TRADING
19
GBPNZD – Bearish Rejection + Fundamental DivergenceGBPNZD is facing strong resistance at 2.2757, where price is showing signs of a double top / lower high formation. This zone aligns with prior rejection highs and is reinforced by bearish price action. Momentum is fading, and sellers are beginning to step in. A break below 2.2500 confirms downside pressure, targeting: 2.2178 – Structural support 2.2002 – Demand area 2.1810 – Swing base 2.1677 – Final bearish extension zone Fundamental Overview: 🔻 GBP Headwinds: UK CPI came in hot recently, but forward guidance shows the Bank of England may not hike further. Growth concerns and mixed economic signals keep GBP vulnerable, especially with weak retail data and subdued consumer confidence. Political uncertainty and trade tensions with the EU are also weighing on sentiment. 🟢 NZD Tailwinds: The RBNZ remains relatively hawkish, with inflation still above target and robust employment holding up. Strong dairy prices and resilient trade balance support the NZ economy. Risk appetite has been favorable for commodity-linked currencies like NZD. Summary: Bias: Bearish below 2.2757 Trigger: Break & close below 2.2500 Targets: 2.2178 → 2.2002 → 2.1810 Invalidation: Break above 2.2800 Fundamental divergence supports downside: GBP faces policy uncertainty and growth risks, while NZD holds firm on RBNZ stance and stable macro backdrop.
Short
by ultreosforex
GBPNZD Potential Bearish Reversal After Trendline Break Market Structure: Price recently formed a lower high and broke below an ascending trendline, signaling potential bearish momentum. Key Resistance Levels: 2.29400 – Major structure zone, likely to act as resistance. 2.32995 – Invalidation Level – if price breaks and holds above this level, the bearish bias is no longer valid. Trade Idea: Watching for a pullback toward 2.29400 followed by bearish confirmation to short the pair. Targeting downside movement toward the 2.18000–2.16000 area. Bias: Bearish Confirmation Needed: Rejection at resistance and bearish candlestick pattern. --- Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before making any trading decisions.
Short
by Forex_Int
2
GBPNZD Targets 2.18 – Watch for Breakdown from Rising ChannelGBPNZD is showing signs of topping after testing key resistance near the 2.25 zone. A rising channel has broken to the downside, followed by a bearish consolidation structure on the daily timeframe. With the BoE divided on rate cuts and the RBNZ likely holding firm amid sticky inflation, the macro landscape favors a bearish correction. Technical targets align with prior swing zones at 2.2000, 2.1840, and 2.1540. 🔍 Technical Analysis Chart Structure: Multiple rising wedge and channel breakdowns Recent failed attempt to retake 2.2510 (50% fib level) Bearish flag forming beneath broken structure Key Resistance: 2.2510–2.2570 zone capped price multiple times Downside Targets: 2.2000 → Previous structure + fib confluence 2.1840–2.1810 → Key support zone (Feb–March lows) 2.1540 → Major trendline/test level and historical support 📉 Bias: Bearish 📐 Trigger: Breakdown below minor support (~2.2450) confirms continuation 🌍 Fundamental Context 🇬🇧 British Pound (GBP): BoE split on rate cuts: Some members (Taylor) pushing for action, others cautious due to sticky inflation UK Q1 GDP beat (+0.6%), but manufacturing data weak and inflation expectations rising Overall: GBP momentum slowing amid policy indecision and trade risks 🇳🇿 New Zealand Dollar (NZD): RBNZ holding firm: Inflation still above target; central bank cautious NZD stronger on risk-on mood and China stabilization Potential upside if AUD/NZD weakens further (cross correlation) 🎯 Trade Setup Sell Bias below 2.2450–2.2480 zone Target 1: 2.2000 – structural support Target 2: 2.1840 – key March low Target 3: 2.1540 – deeper swing support Stop Zone: Above 2.2570 – invalidates the bearish flag thesis This trade offers a strong R:R profile if the pair breaks and sustains below 2.2450. ✅ What to Wait For Before Shorting A strong bearish daily candle closing below 2.2450 with momentum. OR a clean rejection wick from 2.25 with follow-through selling. Volume increase or rejection at resistance would add conviction. 🧭 Conclusion GBPNZD is setting up for a deeper correction after a failed bullish continuation and clean technical rejection near the 2.25 area. With macro support fading for GBP and NZD sentiment firming slightly, sellers may take control into June. A daily close below 2.2450 confirms bearish intent, with multiple downside levels open for targeting.
Short
by ultreosforex
8
GBPNZD Daily Analysis – Bearish Setup in PlayGBPNZD pair is setting up for a potential bearish continuation as technical patterns and macroeconomic context align. With key central bank events on the horizon this week—including the Bank of England rate decision and New Zealand's employment data—volatility is expected. Traders should be cautious yet prepared, as current price action suggests a possible breakdown in the days ahead. 🔍 Chart Structure & Key Observations Rising Wedge Breakdowns (Bearish Patterns): Multiple rising wedges broke to the downside, which is a bearish signal. These breakdowns were followed by lower highs — indicating bearish momentum is strengthening. Current Price Action: Price is currently sitting at 2.2245, just above the 78.6% Fibonacci retracement level (2.2039). A support test is occurring here. If it breaks, expect acceleration in downside momentum. Bearish Flag/Pennant Setup: Recent price action appears to be forming a bearish continuation pattern (flag or descending channel). The blue arrow indicates a potential bearish breakout continuation after a short-term pullback (retest). Fibonacci Retracement & Key Support Zones: Fib levels and horizontal support coincide at multiple critical zones: 2.2039–2.2002: Minor support. 2.1818–2.1685: Strong confluence of 100% Fib level and horizontal demand zone. 2.1515–2.1509: Next major support (prior structure level). 2.0981: Projected extension target (141.4% Fib), a potential final target if the breakdown continues. Trade Plan (as per the chart): Entry: Bearish confirmation after a retest around 2.23–2.24 zone. Stop: Just above the recent highs or above 2.25. Targets: TP1: 2.2002 TP2: 2.1810 TP3: 2.1510 Final TP: 2.0980 🧠 Fundamental Context to Watch Considering the NZD and GBP sensitivity to central bank policy: NZD: Watch RBNZ’s Financial Stability Report and employment data (due this week) GBP: Bank of England rate decision and inflation letter also due this week USD & global risk appetite could influence sentiment, as Powell and Trump tensions gro
Short
by ultreosforex