GBPCAD approaching resistance, potential drop!
GBPCAD is approaching our first resistance at 1.7145(78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 1.7047 (61.8% Fibonacci extension , 61.8% Fibonacci retracement, horizontal pullback support ).
Ichimoku cloud is also showing bearish cloud and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Ichimoku cloud is also showing bearish cloud and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
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