FX:GBPNZD British Pound/New Zealand Dollar
It appears buyers have really pushed this pair past the descending . The impulsive move in the past hour suggests very strong momentum and these types of moves are generally followed by another one in the same direction quite frequently. This is a fairly volatile pair so it's good to keep wider stops than on the major pairs. In our view the sensible approach here would be to wait for a retracement to the in the blue box.