Daniel_Kostecki

GBP/PLN, D1 - continuation after a harmonic pattern

OANDA:GBPPLN   British Pound / Polish Zloty
Looking on the daily chart of the GBP/PLN currency pair we may spot a strong upward movement that is trying to break a potential resistance set by the previous top at 5,17. The current rally may be the consequence of a previously described harmonic pattern which looks like a Gartley pattern .

Using a Fibo expansion tool we may spot other potential targets for the rally at 100 and 161,8 percent.

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Daniel Kostecki, Chief Analyst Conotoxia Ltd.

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