Seems as if the market is waiting for tomorrow and Friday’s important announcements, most currency pairs are ranging around an important level. This is also the case for the GBPNZD:
If it breaks the top of the range it will trigger a bullish condition, then I’ll start looking for short opportunities
If it breaks the bottom of the range it will trigger a bearish condition, and I’ll start looking for short opportunities.
Since it is not a well defined range I will no trade the short term range