GBPNZD Long before BOE news

On this pair, we have a price that appears to have bounced after a false breakout in the demand zone at 1.989. The target is in the 2.2031 zone with a risk-reward ratio of 1:9. The scenario was identified with the Forex48 strategy. However, the scenario is still uncertain since there will be a decision on interest rates by the BOE on Thursday.

Let me know what you think.

Happy trading to everyone.

Forex48 Trading Academy.