Pound Inggris / Dollar New Zealand
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GBPNZD: We could see a rejection at resistance once more

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GBPNZD is range bound currently, and this latest moves continues the narrative of it. Right now, it's approaching a major resistance, where each touch here has showed good rejection.

My target would be toward 2.25230, an achievable target.

Though a scenario for more upside is possible and can happen just as much. But, I would take the side for more downside in this particular case.

Let me know in the comments what you think:
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Catatan
Stop loss reached. Frequent rebounds from a level tend to weaken it, increasing the probability of a breakout.

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