easyMarkets
Long

GBPCAD bounced off support, potential for further bounce!

FX:GBPCAD   British Pound / Canadian Dollar
Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement ) might occur.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
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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