GBPNZD – Bears Defending the Upper Bound?British Pound vs New Zealand DollarTICKMILL:GBPNZDTheSignalystGBPNZD has been overall bearish, trading within the falling wedge pattern marked in red 🔴 Currently, price is retesting the intersection of the upper bound of the wedge and the resistance zone marked in red, creating a strong confluence area for the bears. As long as this intersection holds, we will be looking for shorts 📊 A bearish rejection from this zone could trigger the next impulsive movement lower, in line with the overall bearish trend. However, a confirmed breakout above the wedge would be the first signal that the bearish pressure is fading. ⚠️ Will the bears defend this resistance once again? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr