The GBPCAD tends towards the positivity – Analysis – 1-12-2022
Economies.com
2022-12-01 05:57AM UTC
The GBPCAD pair repeated the positive fluctuation above the breached bullish channel’s resistance at 1.6135, attempting to reinforce the chances of resuming the rise and record many targets in the upcoming period by moving towards 1.6320 followed by reaching the additional barrier at 1.6500.
Note that declining below 1.6135 might force the price to postpone the bullish attack, to expect suffering some temporary losses by moving towards 1.6040 followed by reaching 50% Fibonacci correction level at 1.5990.
The expected trading range for today is between 1.6160 and 1.6320
The expected trend for today: Bullish
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