FullTimeTrader

GBPNZD-triple top with divergence near 2.4500

Short
FX:GBPNZD   British Pound / New Zealand Dollar
37
Very interesting and logical. This pair is facing a strong resistance near 2.4500
Even after NZD rate cut price could not break this level:

Here on H4 chart we see a triple top formation with strong bearish divergence.

I expect price to make a deeper pullback before continuing the rally on D1 chart.

Regards.


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