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 minor impulse wave 3
2019-11-11 • Updated
- 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)).
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.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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