GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.07254 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 2.08612 Why we like it: There is a pullback resistance level.
Take profit: 2.06216 Why we like it: There is a pullback support level.
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