The forecast for the GBP/ZAR remains bullish after this currency pair finished a minor correction.
Can bulls take advantage of upside pressures and force the GBP/ZAR into its next horizontal resistance area?
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GBPZAR mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
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A simple Elliott Chart suggests a GBPZAR exchange rate of somewhere around R15 to the Pound in the coming months. I would suggest this would be a case of Pound weakness rather than Rand strength. Lets wait and see
This has just retraced to offer another buying opportunity before this continues to recover back to the all time highs and beyond. For the best entry use 4HR timeframe with MACD and 10/20 EMA and look for signs that the retrace is complete.
This has nicely bounced off the support level I previously reported on. Now looking for this to rise past the most recent highs on its way back to 23 levels. Good entry points will be any retrace from its current position or if it breaks the most recent highs on the 11th and 12th Jan then can enter a trade on the retrace to test that as a support.
The correction in GBP/ZAR has completed, it has rebounded from the monthly support area indicated. I think there will be a slight retrace coming before continuing to grow back to the all time highs and beyond.
An idea on the POUND / ZAR pair that has been trading in a descending channel hitting LH & LL heading down with the bears looking for a continuation of this move with the trend, the pair is currently trading at 38.2 % Fibonacci. TARGETING 61.8 % Fibonacci in the coming week.
let's see how it goes
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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