GBP/CAD rising inside minor impulse wave 3

GBP/CAD rising inside minor impulse wave 3

  • GBP/CAD rising inside minor impulse wave 3
  • Next buy target - 1.7770

GBP/CAD continues to rise inside the minor impulse wave 3, which recently broke the resistance zone lying at the intersection of the resistance trendline of the daily down channel from March (which encloses the previous medium-term ABC correction (B)) and 50-day moving average. GBP/CAD is expected to rise further toward the next buy target at the next resistance level 1.7770 (target price for the completion of the impulse wave 3).

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