So now we have a rising wedge in a downtrend on the cusp of failure (rising wedges in downtrends have higher probability of breaking lower) and strong descending resistance line.
Should be good to cyan box area, where first TP will be.
Still think that a GN short is viable - looking at these two things:
1 - GBPNZD price is outside 1HR upper bollinger band
2 - Price did a pullback to the rising wedge that it initially broke down from
GBPNZD is driven right now due to GBPUSD strength - when this GBPUSD channel resistance goes into play, GBPUSD will drop and GBPNZD will pop - NZDUSD is also bullish.
Throwback channel retest on NZDUSD after breaking out.