GBP/CAD broke support zone

GBP/CAD broke support zone

  • GBP/CAD broke support zone
  • Next sell target - 1.7720

 GBP/CAD recently broke through the support zone lying between the round support level 1.8000 (former strong resistance from the start of March) and support trendline of the daily up channel from January. The breakout of this support zone accelerated the active impulse wave (c). GBP/CAD is expected to fall toward the next sell target at next support level 1.7720 (low of wave (iv) from the start of March).


Latest news

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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