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GBPNZD: Bearish Move From Resistance Cluster

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
linofx1  
FX:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Trend Lines Double Top or Bottom
9
3
supportandresistance trendline doubletoporbottom
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.
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