This is based on assumption that GBP is now out of gas. With many issues within the country, and a hawkish move from the Fed from the US, I do feel the pound recovery is limited hence similar situation to all other GBP pairs. Bear in mind GBPUSD currently is reaching to 0.5 Fib recovery since last week's drop, and the RSI still have room rise higher, so this GBPNZD idea is a risky one. I'm taking a tight SL at 1.994, you can move it to 1.997 if that's more comfortable. GL.