GBP/NZD reached sell target 1.8000

Next sell target - 1.7630

GBP/NZD today broke through the support zone lying between the round support level 1.8000 (which was set as the sell target in our previous forecast for this currency pair and which stopped the previous minor impulse wave 1 in May) and the 50% Fibonacci correction of the pervious upward price impulse from February. The breakout of this support zone should accelerate the active impulse wave 3, which belongs to the intermediate impulse (C) wave from the start of May. GBP/NZD is expected to fall to the next sell target at the next support level 1.7630.

gbp

nzd - new zealand dollar

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