The Pound is under serious pressure but I think that once that is over the GBPNZD will present plenty of opportunity for a buy.

For my previous post and context see below:

GBPNZD ending a major correction


For now I expect more bearish price action, but the 1 hr time frame will be the time frame I will be watching for a possible reversal trade or trend continuation trade. While I was preparing this post we saw the move lower after the UK inflation data.

Updates will follow but this pair is certainly on my watchlist.

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