We believe GBPNZD will continue to go down to next Daily pointed Support.
Argument:
1. Price rejected after a Daily resistance level
2. Price broke previous Daily Structure level, price is retesting level as Resistance.
3. Price broke trough Supporting Trend Line and retesting it as Resistance
4. Possible formation of an Head and Shoulders Pattern
Argument:
1. Price rejected after a Daily resistance level
2. Price broke previous Daily Structure level, price is retesting level as Resistance.
3. Price broke trough Supporting Trend Line and retesting it as Resistance
4. Possible formation of an Head and Shoulders Pattern