GBPNZD: Could a Trend Reversal Be Approaching?GBP/NZDOANDA:GBPNZDKlejdiCuniGBPNZD: Could a Trend Reversal Be Approaching? GBPNZD broke out of a large daily accumulation that dates back to April 2025. GBPNZD broke out of a very strong resistance area near 2.3500 which stopped the price many times. The problem is that this area was only broken because the RBNZ did not raise interest rates, which was not a strong reason and last week NZD was weak again on a non-news day. It is still bullish, but I think we need to be cautious... it is not clear how it can develop considering we had a lot of moves that are not justified from a fundamental perspective from last week. I think GBPNZD could start a downtrend soon, but the problem is that we cannot have confirmation yet. More development is needed to have a better idea. You can find more details on the chart. Thank you! 🍀 ⚠️PS: Do your own analysis and use your own strategy to join the trade. ❤️ If this analysis helps your trading day, please support it with a like or comment ❤️