• GBPCAD broke support level 1.7550
• Likely to fall to support level 1.7480
GBPCAD recently broke the pivotal support level 1.7550 (low of the previous minor correction (a) from the end of February).
The breakout of the support level 1.7550 was preceded by the breakout of the daily up channel from December – which accelerated the active minor correction 4.
GBPCAD is likely to fall further toward the next support 1.7480 (target price for the termination of the active ABC correction 4).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies