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GbpNzd is gaining momentum to the down side

The British pound is giving ground to the New Zealand dollar this Monday. The currency pair is showing a steady downward trajectory with a few retracements on the way down. It is still not quite the type of price action we like to see but GbpNzd might be a good play to get 75 pips while keeping a 40-50 pip stop loss. A little wider than we normally use but that is because of the extra volatility that is in the market now. Not the best of environments but if you must trade you can try it.

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