Wait for the clear trading signal

GBPNZD is facing the residence at 1.8925 which is 0.618 of the Fib. If it succeeds to break out the residence, the bullish signal will be clear and it'll test 1.9100 soon. It's the the fifth wave of this correction. Otherwise, it's the second top of this correction and will drop again. The employment data released in 1 hour will give the clear signal.

The target is 1.9100.
Turning point: 1.8925.
Above 1.8925, bullish , target price is 1.8995,then 1.9100.
Under 1.8925, bearish , target price is set at 1.8820, then 1.8750.
RSI technical indicators are bullish and have a further upward trend.

Yorum:

TP1 reached.