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GBPNZD: Bullish Breakout? Key News Impacts!

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FX:GBPNZD   ポンド/NZドル
Greetings Traders!

GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long.

Yet, on the flip side, positive news may trigger a steep decline, threatening to hit stop-loss levels.

Recent events favor the bulls - a rectangle break hints at an extension of the bull run, and the market momentum broadly resonates with bullish sentiments.

However, let's remember that GBPNZD is currently experiencing heightened volatility. Therefore, I urge you to manage your risk, await the news, and then carefully consider entering this trade.

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