GBP/CAD: Sell target – 1.8400 - 24-March

GBP/CAD: Sell target – 1.8400 - 24-March 
By :Dmitriy Chernovolov : https://fxbazooka.com
Broker : FBS Markets Inc
GBP/CAD recently broke sharply through the support levels 1.8800 and 1.8660 (low of the previous minor impulse wave (i)) - both of which were set as the sell targets in our previous forecast for this currency pair. The breakout of these support levels accelerated the active minor impulse wave 3 – which belongs to the sharp intermediate (C)-wave from the middle of December.

• GBP/CAD reached Sell targets 1.8800 and 1.8660
• Next sell target – 1.8400

GBP/CAD is likely to fall further toward the next sell target at the support level 1.8400 (target price for the termination of the active minor impulse sub-wave (iii)). Sell stop-loss can be placed above the recently broken price level 1.8660.

GBP/CAD Signals