USD/CHF reversed from resistance zone Next sell target - 0…
GBP/NZD reversed from support zone
- GBP/NZD reversed from support zone
- Next buy target - 1.9650
GBP/NZD continues to rise after the earlier upward reversal from the support zone lying between the key support level 1.9240 (former resistance from February) and the 61.8% Fibonacci correction of the upward price impulse from the start of March. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. GBP/NZD is expected to rise further toward the next buy target at 1.9650.
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…