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Wave Tech Analysis

FxPro Forex Analysis: GBPNZD Wave Analysis – June 21, 2018

GBPNZD broke key resistance level 1.9250
• Further gains are likely

GBPNZD continues to rise inside the short-term impulse wave (iii), which started earlier from the support area lying between strong support level 1.8950 (which reversed the price in February and March) and lower daily Bollinger Band.

The price today broke through the key resistance level 1.9250 (former support from April and May) – which should accelerate the active impulse wave (iii).

GBPNZD is likely to rise further and re-test the next resistance level 1.9480 (which reversed the price at the end of May).

GBPNZD - Primary Analysis - Jun-21 1550 PM (1 day)