GBP/CAD broke combined resistance zone

GBP/CAD broke combined resistance zone

  • GBP/CAD broke combined resistance zone
  • Next buy target - 1.7490

GBP/CAD continues to rise inside the impulse waves 3 and (3) which previously broke trough the combined resistance zone lying between the resistance level 1.7150 and the 61.8% Fibonacci correction of the previous primary ABC correction ② from the start of May. GBP/USD is expected to rise toward the next buy target at the next resistance level 1.7490 (which reversed the previous correction 2 in June).


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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