GBPCAD recently broke the resistance area lying between the resistance level 1.7275 (which also stopped the previous impulse wave (i)) and the 78,6% Fibonacci correction of the previous sharp downward impulse from May.
The breakout of the resistance area accelerated the impulse wave 3 from the start of November.
GBPCAD is expected to rise further toward the next resistance level 1,7500.
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