Reason for Buying GBP/NZD :
GBP/NZD was moving between the ranges in H4 Chart.
Market broken the top level of the range with Buyers pressure.
After the confirmation of upward movement, GBP/NZD Buy signal was given to our members.
Due to the negative news release of GBP (CPI & PPI), all GBP pair becomes weaker in short time after the result.
The fundamental news has affected the technicals.
Please note : In forex market 80% of time technical works well and 20% of time fundamental works.
Fundamental wins the game now. Due to this fundamental movement, GBP/NZD has went down in short time.
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