Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/NZD reversed from support zone
2019-11-11 • Updated
- GBP/NZD reversed from support zone
- Next buy targets - 1.9620 and 1.9740
GBP/NZD continues to rise after the earlier upward reversal from the support zone lying between the support level 1.9300 and the 50% Fibonacci correction of the previous upward impulse wave 1 from June. The upward reversal from this support zone started the active minor impulse wave 3. GBP/NZD is expected to rise further toward the next buy targets at the next resistance levels 1.9620 and 1.9740.
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GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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