GBP/NZD under pressure: 2.2650 target in sightBritish Pound/New Zealand DollarFX:GBPNZDfullpriceactionGBP/NZD is currently showing a clear bearish structure following a strong break below the ascending channel visible on the H4 chart. This breakdown was followed by a consolidation phase below a key resistance zone around 2.2950–2.3000, with increasingly weaker price action forming lower highs. The recent break of the minor trendline and consolidation range suggests a continuation of bearish momentum. As long as price remains below this key zone, the preferred scenario is a move lower toward the liquidity area around 2.2650–2.2700. A potential pullback to the broken zone could offer a continuation short opportunity, while a move back above 2.3000 would temporarily invalidate this bearish outlook.