GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/NZD reversed from resistance zone
- GBP/NZD reversed from resistance zone
- Next sell target - 1.8680
GBP/NZD recently reversed down from the major resistance zone lying between the long-term resistance level 1.9370, upper weekly Bollinger Band and the upper resistance trendline of the weekly up channel from the end of 2016. The downward reversal from this resistance zone stopped the previous minor impulse wave 3. GBP/NZD is expected to fall further to the next sell target at the next support level 1.8680 (former resistance from September).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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