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October 27, 2020 at 03:24PM
• GBPNZD falling inside impulse wave 3
• Likely to reach 1.9350
GBPNZD continues to fall inside the impulse wave 3 which started earlier from the resistance area lying between the key resistance level 1.9740 (former support from August), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave 1.
The downward reversal from the resistance area created the daily Japanese candlesticks reversal pattern Evening Star.
GBPNZD is likely to fall further toward the next support level 1.9350 (low of wave (b) from the middle of October).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-27-october-2020-20201027/
Selected by fonecable.com
Search Web: GBPNZD Wave Analysis 27 October, 2020
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