FX.co ★ GBP/NZD to reach its Upward Bearish Order Block level at 1.9333: Analysis For June 22, 2020

The GBP/NZD pair is trying to test the Bearish Order Block at 1.9333 according to the 4-hour chart before the price goes down to raid the SELL Side Liquidity Pool at 1.9193. This is confirmed by the Technical view from the Stochastic Oscillator making a Divergence between the price. Based on this fact, there is a high probability for this pair to reach the Bearish Order Block level and maybe the Moving Average as long as the price does not go up higher than 1.9397.

The overall bias for GBP/NZD now is bearish.

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