On May 11, we have published our first technical comment on the GBPNZD pair when it was valued at 2.0840 and we have been able to catch a saucer bottom pattern over monthly studies.
The confirmation for the bullish scenario was a breakout above the neckline zone and the GBPNZD succeeded in hitting 2.1065-entry point- comfortably as we discussed on May 29.
Today, we see the pair passing 2/3 of the 1500 pips road via flirting with 2.2050 zones achieving 1000 pips from the entry point.
It is better now to close 50% of the position at current trading levels and move stop loss to 2.1500 which resides 450 pips above entry point.
Congrats for our followers!