GBPCAD has a clear wave count that can be seen on smaller time cyles which gives a better insight on the overal picture as the pair has mostly been consolidating for the year.
Levels
1.7653 - Daily Support Zone
1.7850 - Monthly Fib Level
1.8580 - Resistance
1.8648 - Previous spike high
The month chart shows the pair has not been able to close below it's 23.6% retracement, and the most recent leg catching a good bounce from that area as per the below chart.
Levels
1.7653 - Daily Support Zone
1.7850 - Monthly Fib Level
1.8580 - Resistance
1.8648 - Previous spike high
The month chart shows the pair has not been able to close below it's 23.6% retracement, and the most recent leg catching a good bounce from that area as per the below chart.
Figure 1 - GBPCAD Monthly - fails to po
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