GBP/NZD reversed from support zone Next buy targets - 1…
NZD/USD reversed from support zone
- NZD/USD reversed from support zone
- Next buy target - 0.7430
NZD/USD recently reversed up from the support zone lying between the strong support level 0.7200, lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse (1) from the middle of November. The upward reversal from this support zone started the active intermediate impulse wave (3). NZD/USD is expected to rise toward the next buy target at the next resistance level 0.7430 (top of the previous 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…