GBPNZD Daily TF Analysis

The GBP/NZD Daily Forecast highlights a strong bullish opportunity as price retraces into a key Fair Value Gap (FVG) after a significant Break of Structure (BMS). The current market structure suggests a potential continuation to the upside, with the Order Block (OB) acting as a solid support zone. This pullback provides traders with a high-probability buy setup, targeting new highs around the 2.24000 – 2.25000 region. Stay prepared for this move as the bullish momentum resumes!

📈 GBP/NZD Daily Time Frame Buy Forecast 📊

🕒 Date: December 13, 2024
⚡ Time Frame: Daily (D)
🔍 Analysis: The GBP/NZD pair has shown a strong Break of Structure (BMS) and is currently retracing after a sharp bullish move.

• Price is expected to pull back into the Fair Value Gap (FVG), offering a potential buy entry at the discounted zone.
• The recent momentum aligns with a bullish market structure, and the Order Block (OB) remains intact as a strong support area.

🎯 Expectation: A continuation to the upside with targets around the 2.25000 zone, marking new highs as price resumes its bullish trend.
📊 Strategy: Look for buy setups around the FVG area near 2.16000, while managing risk below the structure.

✅ Key Zone: 2.16000 – 2.17000 (Buy Area – FVG)
🎯 Target Zone: 2.24000 – 2.25000

🚀 Simplicity | Experience | Knowledge
🔗 Follow Boom FX for more professional market forecasts and actionable insights.