GBP/NZD throwback likely to be short lived
As is shown on the chart, Cable bulls have recently broken a massive resistance zone against Kiwi which had halted them several times before eventual upside breakout. Now that there is a throwback, considering the borders of this zone, I favor a rather short lived correction that will reverse in the current zone. The maximum downside potential for this correction seems to be the 2.0740 level.
Good luck,
Good luck,
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