GBP/NZD Trading Analysis (16/07/2025)

The trend is descending. The currency pair is trading within the 365-135 EMA range. The upward wave structures are truncated. There is a bearish divergence on the Awesome Oscillator and a signal of an overbought condition on the Stochastic Oscillator.

Trade idea:

• Sell when the descending wave structure forms and the A-wave breaches the 2.2505 level (pivot 2 of wave C).
• Place a stop-loss at 2.2541, which is above the local maximum of the ascending structure.
• Price targets are 2.2450 and 2.2412.

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