A Head and Shoulders has formed, GBP/NZD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

Possible breach of support level by GBP/NZD
GBP/NZD is heading towards the support line of a Head and Shoulders. If this movement continues, the price of GBP/NZD could test 2.0716 within the next 16 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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