Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/NZD broke strong resistance level 1.8900
2019-11-11 • Updated
- GBP/NZD broke strong resistance level 1.8900
- Next buy target - 1.9200
GBP/NZD recently broke above the powerful resistance level 1.8900 (which reversed the price multiple times in April and May, as can be seen from the daily GBP/NZD chart below). The breakout of the resistance level 1.8900 is aligned with the active minor impulse wave 3 – which belongs to the intermediate impulse wave (C) from the end of June. GBP/NZD is expected to rise to the next buy target at the next resistance level 1.9200 (target price for the termination of the active impulse wave 3).
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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