– GBPCAD reversed from key support level 1.7025
– Likely to rise to resistance level 1.7300
GBPCAD currency pair recently reversed up from the key support level 1.7025 (low of the previous minor correction iv), intersecting with the lower daily Bollinger Band.
The support level 1.7025 was strengthened by the 38.2% Fibonacci correction of the previous sharp upward impulse from June.
Given the clear daily uptrend, GBPCAD can be expected to rise toward the next resistance level 1.7300 (which reversed the previous waves 1 and i).
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies