GBP/NZD rising inside impulse wave (iii)

GBP/NZD rising inside impulse wave (iii)

  • 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).

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