GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/CAD reversed from resistance area
- GBP/CAD reversed from resistance area
- Next sell target - 1.8000
GBP/CAD recently reversed down with the daily Shooting Star from the resistance area lying between the key resistance level 1.8400 (which also reversed the previous impulse wave (i) with the daily Evening Star, as can be seen below) and the upper daily Bollinger Band. GBP/CAD is expected to fall further toward the next sell target at next round support level 1.8000 (former resistance level from the start of March).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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