GBP/NZD has broken through a resistance line. It has touched this line numerous times in the last 8 days.

Resistance breakout on GBP/NZD
The price of GBP/NZD in heading in the direction of 2.1131. Despite the recent breakout through 2.1070 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

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