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 rising inside impulse wave (iii)
2019-11-11 • Updated
- GBP/NZD rising inside impulse wave (iii)
- Next buy target - 1.9700
GBP/NZD continues to rise inside the sharp short-term impulse wave (iii) - which recently broke the resistance level 1.9450 (top of the previous impulse wave (i)) - intersecting with the resistance trendline of the daily Triangle from April. The breakout of the resistance level 1.9450 accelerated the active impulse waves (iii) and 3. GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9700 (monthly top from May).
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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