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GBP/CAD - flirting with rising trend line support

FX_IDC:GBPCAD   POUND STERLING / CANADIAN DOLLAR
GBP/CAD             is flirting with rising trend line support on the daily chart . Pair's failure to sustain above daily 5-MA followed (after bearish 5-MA and 10-MA cross over earlier this week) if followed by a break below rising trend line would expose strong support at 1.87488.

However, note, Cable is finding support at confluence of Fibo support and could actually rebound from the same, thus helping GBP/CAD             cross move higher from trend line support as well.
DylanShilts
6 months ago
Do you think it will break or bounce?
Reply
TipTVFinance PRO DylanShilts
6 months ago
More likely to bounce as cable attempting rebound from Fibo support levels
Reply
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