A strong buying opportunity for the GBP/NZD pair during the correction
The GBP/NZD pair has begun to rise after breaking out of a sideways movement that indicated accumulation on the 4-hour timeframe.
The pair has established strong buy demand zones on the 4-hour timeframe near the 2.2640 level, as shown on the chart. A test of this level would likely lead to a further upward move.
Expected Targets
If the price reaches the specified demand zones near 2.2640, it is expected to resume its upward trend, targeting 2.2690 and then 2.2750.
Conversely, if the price breaks and closes below these demand zones, a decline to the next target is expected, near 2.2511.
