The GBPCAD begins to record targets – Analysis – 8-7-2020
Economies.com
2020-07-08 05:29AM UTC
The GBPCAD pair formed strong positive rally since succeeding to breach the main bearish channel’s resistance at 1.6972, to notice the beginning of recording the targets by reaching 1.7103 recently, expecting to form new bullish rally along with stochastic fluctuation within the overbought areas, to press on 50% Fibonacci correction level at 1.7185 followed by monitoring the price behavior due to the importance of this barrier to detect the next main trend.
The expected trading range for today is between 1.7030 and 1.7185
The expected trend for today: Bullish
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