It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
GBP/CAD broke major support level 1.6220
- GBP/CAD broke major support level 1.6220
- Next sell targets - 1.6000 and 1.5800
GBP/CAD continues to fall after the latest breakout of the major support level 1.6220, which has been steadily reversing this currency pair from February – as can be seen below. The breakout of the support level 1.6220 should accelerate the active impulse waves 3 and (3) – both of which belong to the primary downward impulse ③ from the start of May. With the accelerating downward Momentum - GBP/CAD is expected to fall to next sell target at the next support levels 1.6000 (target price for the completion of the active impulse 3) and 1.5800 (monthly low from January).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…