GBP/NZD reversed from support zone Next buy targets - 1…
GBP/USD reversed from support area
- GBP/USD reversed from support area
- Next buy target - 1.3550
GBP/USD today reversed up strongly from the support area lying between the support level 1.3310 (former upper boundary of the sideways price channel from October) and the 50% Fibonacci correction of the previous sharp upward impulse 1 from the start of November. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3550 (top of the impulse wave 1).
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…