GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/NZD reached buy target 1.9400
- GBP/NZD reached buy target 1.9400
- Next buy target - 1.9600
GBP/NZD recently broke through the resistance area lying at the intersection of the resistance level 1.9400 (top of the earlier impulse wave (i) and the previous buy target) and the resistance trendline of the wide weekly up channel from November of 2016. The breakout of this resistance area should accelerate the active minor impulse wave 5 of the impulse wave (C) from June. GBP/NZD is expected to rise toward the next buy target at the next resistance level 1.9600.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…