as we can see here on the GBP/ NZD chart that the market is now in a strong downtrend, trending within strong support and resistance trendlines. currently, the market is close along the support trend line with no strong indication in where the markets next potential direction will be. however, the market has now reached a strong support level which when the market has tested this area, it has bounced off several times before, so due to the nature of this trend and from previous actions, because the market is in this area, we are waiting to see new patterns and structure which will determine the way the market will be moving towards and the way in which we are going to trade it.