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 strong resistance level 1.6970
2019-11-11 • Updated
- 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.
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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