In the GBP/CAD pair, which still has a downtrend, we can observe a correction uptrend following a 15-day decline. The price has reached the 23.6% Fibonacci level of the decline zone and the 21-period RSI on the H1 chart has entered the overbought territory. Before expecting further upside, we can anticipate a downward move from the 23.6 resistance level, which would help RSI move away from the overbought zone.
Sell Limit: 1.6580
SL: 1.6683
TP: 1.6450
Sell Limit: 1.6580
SL: 1.6683
TP: 1.6450
Trade and Me App shares daily market analysis, BUY/SELL signals and market news.
Download For iPhone:
apps.apple.com/us/app/trade-and-me/id6447259901
Download for Android:
play.google.com/store/apps/details?id=com.tradeandme
Download For iPhone:
apps.apple.com/us/app/trade-and-me/id6447259901
Download for Android:
play.google.com/store/apps/details?id=com.tradeandme