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 - 1.9650
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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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.
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