Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/CAD broke major support level 1.6220
2019-11-11 • Updated
- 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).
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