💡Don't miss the great sell opportunity in GBPNZD

Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (1.9765).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.65.

Take Profits:
TP1= @ 1.9650
TP2= @ 1.9610
TP3= @ 1.9545
TP4= @ 1.9470
TP5= @ 1.9380

SL= Break below S2

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