{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-nzd-consolidates-ahead-of-a-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-nzd-consolidates-ahead-of-a-breakout\/","headline":"GBP\/NZD Consolidates Ahead Of A Breakout!","name":"GBP\/NZD Consolidates Ahead Of A Breakout!","description":"GBP\/NZD moves sideways in the short term. It remains to see how it will react later after the pair has reached a support zone. Technically, a rebound is favored after registering an amazing sell-off. Fundamentally, the Monetary Policy Report Hearings could bring sharp movements on the British Pound. Still, we need confirmation that the GBP\/NZD […]","datePublished":"2021-09-09","dateModified":"2021-09-09","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/GBPNZD_2021-09-08_17-07-31.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/GBPNZD_2021-09-08_17-07-31.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/gbp-nzd-consolidates-ahead-of-a-breakout\/","about":["GBP\/NZD"],"wordCount":217,"keywords":["gbp\/nzd","gbpnzd","Trade Setup"],"articleBody":"GBP\/NZD moves sideways in the short term. It remains to see how it will react later after the pair has reached a support zone. Technically, a rebound is favored after registering an amazing sell-off. Fundamentally, the Monetary Policy Report Hearings could bring sharp movements on the British Pound.Still, we need confirmation that the GBP\/NZD pair will turn to the upside. A bullish pattern around the current levels could bring new long opportunities. Being in a support zone, we could search for bullish signals.GBP\/NZD Technical Analysis!GBP\/NZD is pressuring the downtrend line. Personally, I\u2019ve drawn an ascending pitchfork hoping that I\u2019ll catch a new swing higher. Making a valid breakout through the downtrend line could signal potential growth.Technically, it could increase as long as it stays above the ascending channel\u2019s lower median line. This line is seen as a dynamic support. Also, 1.9329 level stands as a static support.An upside movement could be activated by a valid breakout through the weekly pivot point (1.9463). The median line of the ascending pitchfork is seen as a potential target. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}