GBP/NZD rising inside minor impulse wave 3

GBP/NZD rising inside minor impulse wave 3

  • GBP/NZD rising inside minor impulse wave 3
  • Next buy target - 1.9400

GBP/NZD continues to rise inside the minor impulse wave 3, which previously reversed up from the support area lying between the key support level 1.8850 (which also reversed the (b)-wave of the previous ABC correction (ii)), lower daily Bollinger Band and the 50% Fibonacci correction of the previous impulse wave (i) from the middle of October. GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9400 (which reversed the previous impulse wave (i)).

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