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GBP/NZD reversed from support zone

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  • GBP/NZD reversed from support zone
  • Next buy target - 1.9600

GBP/NZD recently reversed up from the support zone lying between the key support levels 1.9380 and 1.9260 (which have been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor impulse wave (iii). GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9600.

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