GBPZMW Bullish
The chart on GBPZMW looks very interesting to watch and hence sharing my technical views on this pair.
As illustrated on the interactive chart, I expect GBPZMW to resume the bullish impulse on the monthly timeframe, and looking at two (2) price targets:
1 GBP = 36.7 ZMW - 1st Target
1 GBP = 42.9 ZMW - 2nd Target
Monthly timeframe correction seems complete at .5 of the Fibonacci retracement at 4, and we could now expect the Kwacha to depreciate against The Great British Pound and see completion of 5 at 1 GBP = 42.9 ZMW.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
As illustrated on the interactive chart, I expect GBPZMW to resume the bullish impulse on the monthly timeframe, and looking at two (2) price targets:
1 GBP = 36.7 ZMW - 1st Target
1 GBP = 42.9 ZMW - 2nd Target
Monthly timeframe correction seems complete at .5 of the Fibonacci retracement at 4, and we could now expect the Kwacha to depreciate against The Great British Pound and see completion of 5 at 1 GBP = 42.9 ZMW.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
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