GBP/NZD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 18 days.

GBP/NZD - Continuation Chart Pattern - Channel Up
GBP/NZD was identified at around 2.09167 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2.1046 level.

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