Still Sell on Rally, 500pips Target for GBPNZD

The rally that broken the bearish trendline on GBPNZD last October is weakening and pointing to retest the broken resistance trendline. Sell order can be entered at 1.9500 and set a TP at 1.9000. SL can be placed at 1.9700. Until then, we will revalidate if this trade idea will hold through.