GBP/NZD likely to test 2.0531 in the near future. Where to next?

GBP/NZD short term bullish trade setup to 2.0531
GBP/NZD is moving towards a line of 2.0531 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/NZD continues in its current trajectory, we may see it move towards 2.0531 within the next 2 days.

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