Key Rebound Zones for the GBP/NZD Pair

The GBP/NZD pair continues its strong upward trend as a result of previous accumulation.

The outlook still points to the possibility of the pair continuing its upward trend in the long term, reaching the supply zones above, which are considered one of the most important and strongest rebound zones on the daily timeframe.

Expected Targets

If the pair continues its upward movement, it is expected to target the supply zones above, near the 2.3347 level, and then see a corrective decline from there towards the targets at 2.3270 and 2.3160, respectively.

This analysis is contingent on the pair breaking and closing above the identified supply zones.