GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/NZD rising inside sharp C-wave
- GBP/NZD rising inside sharp C-wave
- Next buy target - 1.9000
GBP/NZD continues to rise after the earlier breakout of the key resistance zone lying between the resistance level 1.8250, resistance trendline of the daily up channel from November and the 61.8% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance accelerated the active minor impulse wave v, which belongs to wave C of the intermediate ABC correction (B) from November.
GBP/NZD is expected to rise to the next buy target at the next resistance level 1.9000 (top of the previous B-wave from July and the target price for the completion of the active impulse wave (v)).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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CHF/JPY broke powerful resistance level 115…