GBPNZD: Bearish Move From Resistance Cluster
GBPNZD formed a double top pattern after reaching a significant horizontal resistance level on the 4-hour chart.
The price broke below the neckline of the pattern and a rising trend line, indicating strong bearish momentum.
A downward movement towards the 2.0833 level is likely.
The price broke below the neckline of the pattern and a rising trend line, indicating strong bearish momentum.
A downward movement towards the 2.0833 level is likely.
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Disclaimer
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