#gbpnzd GBPNZD is approaching a multi month horizontal resistance after completing a clean flag breakout structure from point one to point two and extending impulsively toward point three where sellers are likely to defend the supply zone supported by the broader market sentiment as risk sensitive NZD gains strength from stable commodity outlook while GBP faces pressure from uncertainty in UK growth trajectory the technical alignment of resistance rejection with potential wave four retracement offers a high probability scenario for corrective downside before any continuation and traders should monitor momentum shifts and candlestick confirmation around the key resistance zone.