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FxWirePro: 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 2.0680 holds
     
  • 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

 

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