GBP/CAD reversed from resistance zone

GBP/CAD reversed from resistance zone

  • GBP/CAD reversed from resistance zone
  • Next sell target - 1.7150

GBP/CAD recently reversed down with the daily Evening Star from the resistance zone surrounding the resistance level 1.7480 (which has been reversing the price from the start of June, as can be seen below). This resistance zone was further strengthened by the upper daily Bollinger Band. GBP/CAD is expected to fall further toward the next sell target at the next support level 1.7150 (target price for the completion of the active impulse 1).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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