GBP/CAD broke support zone

GBP/CAD broke support zone

  • GBP/CAD broke support zone
  • Next sell target - 1.7400

 GBP/CAD today broke the support zone lying between the key support level 1.7770 (which reversed the price with the daily Hammer earlier this month) and the 38.2% Fibonacci correction of the upward price impulse 1 from the start of January. GBP/CAD is expected to fall toward the next sell target at the next support level 1.7400 (monthly low from February and the target price for the completion of wave 2).


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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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