A strong selling opportunity for the New Zealand dollar in the medium term

The GBP/NZD pair continues to move sideways on the daily timeframe.

The pair is currently approaching daily selling levels, 

as well as overlapping selling zones on the 4-hour timeframe, as shown on the chart.

The sideways movement on the daily timeframe is expected to continue for the time being.

This presents a selling opportunity if the price reaches 

the overlapping selling zones on the 4-hour timeframe.

Expected targets

If the price reaches the specified selling zones on the 4-hour chart, located at the 2.3471 level,

a decline is expected to occur towards the targets at 2.3390 and 2.3290.

The expected decline will be invalidated if the price breaks and closes above the specified selling zones.