The GBPNZD 2H chart illustrates a bullish pennant formation following a strong upward move. Price is consolidating within the triangle and is expected to break upward, continuing the bullish trend. A breakout above the triangle suggests a potential rally toward the 2.30086 target, with 2.25443 acting as the stop loss level for risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.