Daily Market Outlook | Clean Directional Bias – GBPNZDBritish Pound / New Zealand DollarFOREXCOM:GBPNZDArmaTrader97Edition 2 Part of my Daily Market Outlook series. Directional bias based on clean technical structure. Other pairs from today’s scan will be posted separately. Market Structure & Price Behavior Price formed an extreme swing low and later revisited that level multiple times. On each revisit, support and resistance traders stepped in and added long positions, but initial buying pressure lacked momentum and failed to push price significantly higher. After several tests of the same swing low, buyers gradually absorbed selling pressure. Eventually, a strong momentum candle appeared, breaking above resistance, the ascending channel, and the trendline. This breakout triggered participation from support & resistance traders, trendline traders, and chart pattern traders, who opened new long positions. Following the breakout, price pulled back into a newly formed major support zone, where it showed clear rejection. On the 15-minute chart, price formed a descending channel, which was later broken to the upside, confirming continuation in the bullish direction. Additional Technical Confluence – Bollinger Band squeeze followed by an expansion and breakout Directional Bias Based on the overall structure and confluence, the directional bias on GBPNZD is bullish. This move may develop during this session or over the next 1–2 days, as long as the structure remains valid. If you appreciate clean, rule-based, and well-explained market analysis, feel free to follow. Your thoughts and alternative perspectives are welcome in the comments. DISCLAIMER This analysis is provided for educational purposes only and does not constitute financial advice. Trading involves risk — always conduct your own analysis. I am not responsible for any decisions or losses based on this idea.