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GBP/CAD reached sell target 1.6220

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  • GBP/CAD reached sell target 1.6220
  • Next sell target - 1.6000

GBP/CAD continues to fall after the recent breakout of the key support level 1.6220 (which stopped the previous intermediate impulse wave (3) and which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 1.6220 accelerated the active minor impulse wave 3, which belongs to the intermediate impulse (3) from the start of August. GBP/CAD is expected to fall to next sell target at the next support level 1.6000.

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