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GBP/NZD reversed from resistance zone

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  • GBP/NZD reversed from resistance zone
  • Next sell target - 1.9200

 GBP/NZD recently reversed down from the resistance zone lying between the two key resistance levels - 1.9740 (which stopped the previous minor correction wave 2 at the start of December, as can be seen below) and 1.9620 (top of the impulse wave 1 from March). GBP/NZD is expected fall toward the next ell target at next support level 1.9200 (which reversed earlier waves (a) and 2).

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