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GBPCAD Wave Analysis – 06 September , 2018

September 06, 2018 at 05:26PM

• GBPCAD broke through the resistance zone • Further gains are likely GBPCAD recently broke through the resistance zone lying between the resistance level 1.7000, resistance trendline of the daily down channel from June and the 38.2% Fibonacci correction of the downward impulse (C) from June. The breakout of this resistance zone accelerated the active medium-term impulse wave (3) from the end of August. GBPCAD is expected rise further and retest the next resistance level 1.7290 (former strong support level from July). Continue Reading:…

Author: Wave Tech Analysis https://blog.fxpro.co.uk/market-snapshots/06092018-gbpcad-wave-analysis-06-september-2018/ Selected by SYFX+

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