FOREXFEED

GBPNZD Wave Analysis – 08 November, 2019

November 08, 2019 at 02:06PM
  • GBPNZD reversed from support zone
  • Likely to rise to 2.0400.

 

GBPNZD recently reversed up from the support zone lying between the round support level 2.000 (former monthly high from May and September) and the 50% Fibonacci correction of the previous upward impulse (i) from October.

 

The upward reversal from this support zone started the active short-term impulse wave (iii).

 

GBPNZD is expected to rise further and retest the next resistance level 2.0400 – followed by 2.0500.

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-08-november-2019-20191108/
Selected by fonecable.com

euro Search Web: GBPNZD Wave Analysis – 08 November, 2019

Recent Posts

Top Posts & Pages

Advertisements