[Hassam]

1 pips on GBPNZD is less than $10 on a standard lot. 1 pip on GBPNZD is equal to around $7 for a standard lot. But it should concern you much. GBPNZD is a highly volatile. You can make a lot of pips. If you trade GBPUSD, making 100 pips means making $1000. But if you make 100 pips on GBPNZD, you make $700 roughly not exactly. So you need to make 140 pips, you make around $980. So making 150 pips on GBPNZD is equal to making 100 on GBPUSD. The plus side. If you stop loss was 20 pips on GBPUSD, it means $200 risk. In case of GBPNZD, 20 pips stop loss means $140. So you risk is lower. Below is the GBPNZD H4 chart:

As you can see, GBPNZD makes big candles on H4. Today is not a good day to trade. UK Parliament is voting on Brexit Plan. Theresa May UK PM has a Brexit Plan that has a very high chance of getting rejected by the UK Parliament. So we should avoid the market today as things can become uncertain and most likely market is going to whipsaw.

Whatever, you can day trade GBP pairs like GBPUSD, GBPJPY, GBPNZD, GBPAUD, GBPCAD etc. All of these pairs have a lot of volatility which means we can make a lot of pips. GBPNZD is a good pair for day trading. When you trade this pair, just keep en eye on GBP and NZD currencies.