It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
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.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…