Forex Forecasts: Selling opportunity on the GBPNZD

Under the condition of uncertainty in the Brexit update between Britain and the European Union, this could cause a collapse in the pound currency, and on the other hand the New Zealand currency is witnessing a clear improvement and strength, and this is due to the investor’s appetite for higher-yielding currencies.

Technically, the pair moves in the form of a deep crab harmonic pattern.

Currently the pair is on the way to point D, where it broke a strong support at 1.9026, which may push the pair further down. The next support is at 1.8445 and 1.82 which may push the pair up.

Waiting for a retest of the broken support 1.9026 to enter short