GBP/NZD Bearish Continuation Possible

The GBP/NZD is bearish and sellers are taking over. The angle of a drop and retracement is diverging, hinting a bearish move.

I am already short and have protected more than 350 pips. You can clearly see my shorting levels and the price is following. For the downside continuation, we need to see the market breaking below 1.9787. Targets are 1.9638 and 1.9384. In the case markets get higher I will sell again (no brainer trade) 2.022 zone.


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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