It's likely that the market is going to test the next support at 1.1574 - 1.1543 soon. A pullback from this area could be
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)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…