GBP/NZD forms Bullish Cypher Pattern, good to buy at dips
Harmonic Pattern- Bullish Cypher pattern
Potential Reversal Zone (PRZ) - 2.268
The pair has made a low of 2.2700 and slightly recovered from that level. Overall trend is still bullish as long as support
On the higher side major resistance is around 2.2800 and break above targets 2.2850/2.2910/2.3070.
The major support is around 2.0680 and below that will take to next level at 2.0600/2.04950.
It is good to buy at dips around 2.2750-60 with SL around 2.0675 for the TP of 2.2915/2.3000
Potential Reversal Zone (PRZ) - 2.268
The pair has made a low of 2.2700 and slightly recovered from that level. Overall trend is still bullish as long as support
On the higher side major resistance is around 2.2800 and break above targets 2.2850/2.2910/2.3070.
The major support is around 2.0680 and below that will take to next level at 2.0600/2.04950.
It is good to buy at dips around 2.2750-60 with SL around 2.0675 for the TP of 2.2915/2.3000