The main intraday target is the next resistance at 1.3189 - 1.3216. If a pullback from these levels happens next...
GBP/NZD reversed from support zone
- GBP/NZD reversed from support zone
- Next buy target - 1.9650
GBP/NZD recently reversed up from the support zone lying between the pivotal support level 1.9360 (former strong resistance level from February and January) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of March. GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9650 (top of wave 3).
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.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…