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GBP/NZD reversed from support area

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  • GBP/NZD reversed from support area
  • Next buy target - 1.9260

 GBP/NZD recently reversed up with the two consecutive Japanese candlesticks reversal patterns Hammer from the support area lying between the round support level 1.9000 (which has been reversing the price from February, as can be seen below) and the upper daily Bollinger Band. GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9260 (former support from May).

           

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