GBP/NZD reached buy target 1.9400

GBP/NZD reached buy target 1.9400

2019-11-11 • Updated

  • 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.

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