Expected Downward Movement for the GBP/NZD Pair on the Daily Timeframe

The GBP/NZD pair continued its upward trend, reaching significant and strong daily support levels, as clearly shown on the chart.

A downward correction from these levels is expected, especially if today's candle closes with a reversal.

Expected Targets

If the price falls from the current levels, the 2.32500 and 2.31400 levels are expected to be targeted, respectively.

However, if the upward movement continues, we may see a decline from the next overlapping levels. In any case, careful money management is advised.