GBP/CAD broke strong resistance level 1.6970

GBP/CAD broke strong resistance level 1.6970

  • GBP/CAD broke strong resistance level 1.6970
  • Next buy target - 1.7200

GBP/CAD today broke sharply above the strong resistance level 1.6970 (which reversed the previous minor correction 4 in June and also at the start of October, as can be seen from the daily GBP/CAD below). The breakout of the resistance level 1.6970 should accelerate the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3). GBP/CAD is expected to rise to the next buy target at the next resistance level 1.7200.

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