GBPNZD to continue down on NZD strength

FX:GBPNZD   Pound British/Dolar New Zealand
167 7 19
SETUP - This pair should continue down strongly on NZD strength. Looks like there may still be a short trade before retracement.
Komen: Another GBP fall for next week. NZD will not loose to GBP
How do you see this pair in light of todays news?
TAS derby
@derby, Hi. Pound gapped down during the weekend. The bounce back to try and close the gap would happen with or without news. It's now at my 4 level and i think it will continue down
nice analysis
TAS derby
@derby, Thanks
Appreciate and respect your work alot.
But I don't really agree with you here. I see bullish divergence, so I will be looking for price action buying opportunities
Even if we make another low, I would be all over it (buying)
This is just my 2 cents :)
Lets wait and see what happens

TAS BambooGrowth
@BambooGrowth, Thanks for the comment. It's now at my wave 4 of 5 level. It will decide probably this week. Trade safe.
agree 100% with you. now busy with that wave 4
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