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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT

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Brittiska pund/Nyzeeländska dollar (FX:GBPNZD)  
EliteTradingSignals Uppdaterad   
FX:GBPNZD   Brittiska pund/Nyzeeländska dollar
Trend Analysis Chart Patterns Wave Analysis GBPNZD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpnzd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078 area.

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