Expected Pullback Zones for GBP/NZD (Medium to Long Term)

The GBP/NZD pair is moving in a strong uptrend, driven by prior accumulation on the daily timeframe.

The upward movement is expected to continue for now, with the pair potentially reaching supply zones near 2.3450—levels considered key areas for selling.

Expected Targets

A decline is anticipated if the price reaches the identified supply zones near 2.3450, targeting levels at 2.3360 and 2.3260, respectively.

The expected decline would be invalidated if the pair breaks through the supply zones and closes above them on a daily candle.