GBP/NZD reversed from support zone

GBP/NZD reversed from support zone

  • GBP/NZD reversed from support zone
  • Next buy targets - 1.9620 and 1.9740

GBP/NZD continues to rise after the earlier upward reversal from the support zone lying between the support level 1.9300 and the 50% Fibonacci correction of the previous upward impulse wave 1 from June. The upward reversal from this support zone started the active minor impulse wave 3. GBP/NZD is expected to rise further toward the next buy targets at the next resistance levels 1.9620 and 1.9740.

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