GBP/NZD reversed from support zone

GBP/NZD reversed from support zone

  • 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)).

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

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.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera