Technical analysis of EURNZD
GBP/CHF reversed from support zone
- GBP/CHF reversed from support zone
- Next buy target - 1.3230
GBP/CHF recently reversed up from the support zone lying between the pivotal support level 1.3040 (which has been reversing the price from end of May, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor corrective wave 2. GBP/CHF is expected to rise further toward the next buy target at the next resistance level 1.3230.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
The key question about Brexit now is whether there will a deal between Britain and the European Union or the parties end up without a one.