Technical Analysis / GBP/NZD 4/21/2016

There's a lot of potential with very limited risk if the pair breaks to the upside, a break to the upside would open the way to 2.1500, 2.2500, 2.3000, 2.3500, and 2.4500. This would be a long term trade in that case.

On the other hand, if it bounces within the trend line then we're looking at the 1.9500 level next.