GBP/NZD Daily
The rate seems to be working on an inverse head and shoulders pattern after breaking the 9-month falling trendline. For any new long positions, however, it first needs to overcome the falling gap resistance from the last week. Such a break should open up a way towards the next major level - 2.1500 (old support becoming new resistance).
Stops should be based below the potential right shoulder at 2.0800. As I have mentioned before, my longer-term target still stands at 2015 highs at around 2.5000.