A breakout from either side will see price move to confluence support zones of Fibs and SR.
Preference is to see price break upwards as a retrace of current down wave fib50 region (in confluence with other resistances)
and thereafter shorting down to the TP area Fib 38.2 (in confluence with other resistances).
However, if GBP remains bearish and NZD remains Bullish, we may see price quickly breaking out downwards to TP area.