There was a new TC ‘SHORT’ signal delivered on the GBP/NZD earlier this week and this has now given up to 400 pips. Price action is now approaching a recent S/R level though and this may offer some support but any close and hold below this would be rather bearish suggesting a deeper pullback could be in store. These levels are noted along with charts within this post.

GBP/NZD 4hr: I was away when this signal was triggered but it has gone on to give 400 pips: