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 reversed from resistance zone
2019-11-11 • Updated
- 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).
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