GBP/CAD reversed from resistance zone

GBP/CAD reversed from resistance zone

  • GBP/CAD reversed from resistance zone
  • Next sell target - 1.6330

GBP/CAD today reversed down from the resistance zone lying between the key resistance level 1.6730 (top of the previous corrective wave 2 from the start of August) and the Fibonacci cluster made out of the 38.2% Fibonacci correction of the downward impulse from May and the 50% Fibonacci retracement of the more recent downward impulse from June. The downward reversal from this resistance zone started the active minor impulse wave (c). GBP/CAD is expected to fall to the next sell target at the next support level 1.6330 (former resistance level from August).

Similar

EUR/USD: bullish wave [iii]

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later