GBP/NZD reversed from support zone

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.

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