The GBP/NZD is at the important crossroads at this point. We might see a rejection or a break below the POC zone that stands exactly at weekly Camarilla.
The pair could bounce from the POC zone 1.9340-60 or break below it. Look for the signs of a possible continuation if the pair breaks above 1.9365 on subsequent retest of the POC zone. However if the pair drops below 1.9330 we might see 1.9294 and 1.9230. Bullish targets are 1.9426 and 1.9491. If W H4 is broken we could see 1.9601 – W H5. Pay attention to volatility as the GBP/NZD is one of the fastest moving pairs in Forex market.
Nenad Kerkez aka Tarantula FX