Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/NZD reversed from support zone
2019-11-11 • Updated
- GBP/NZD reversed from support zone
- Next buy target - 1.8710
GBP/NZD recently reversed up from the support zone lying between the strong support level 1.8350 (low of the previous minor correction (a)), 38.2% Fibonacci correction of the previous upward price impulse (v) from the start of September and the upper trendline of the daily up channel from June (acting as support after it was broken). GBP/NZD is expected to rise to the next buy target at the next resistance level 1.8710 (top of the previous waves 3 and (b)).
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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