British Pound / New Zealand Dollar

Long

GBP/NZD Cup and Handle Formation

By TradeLikePros

Updated

GBP/NZD has completed the cup and handle formation on the 1D chart. The pattern would become stronger if it continues trading in this range for a few more days. It's currently on a strong resistance. It would be better to take an entry after the breakout. The target would 2.04 once it breaks out.

Thanks!
Best Regards,
Trae Like Pros.

Trade closed: target reached

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