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May 20, 2021 at 04:29PM
• GBPCAD reversed from the resistance level 1.7140
• Likely to fall to support level 1.7000
GBPCAD recently reversed down from the pivotal resistance level 1.7140 (former monthly low and bottom of wave (a) from April).
The downward reversal from the resistance level 1.7140 stopped the previous impulse waves (iii) and 3.
GBPCAD is likely to fall further toward the next support level 1.7000 (low of the previous correction (ii) from the start of May).
From: The FxPro News Team https://fxpro.news/technical-analysis/gbpcad-wave-analysis-20-may-2021-20210520/
Selected by fonecable.com
Search Web: GBPCAD Wave Analysis 20 May, 2021
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