- GBP/CAD is trading in an extremely narrow range, struggles to find catalyst for its next move.
- Upside in the pair remains capped at major trendline resistance at 1.7435. We see resumption of upside on break above.
- Break above 100W SMA keeps scope for upside. Technical studies on weekly charts highly bullish.
- RSI and Stochs are highly bullish. We see +ve DMI dominance. Price action is above daily cloud and major moving averages.
- Break above 1.7435 finds next major resistance lies at 38.2% Fib retrace of 2.09720 to 1.57361 fall at 1.7736.
- On the flipside, retrace and close below 100W SMA invalidates bullish bias.
Support levels - 1.7311 (5-DMA), 1.7088 (Ichi cloud), 1.7050 (20-DMA)
Resistance levels - 1.7465 (Nov 2017 highs), 1.7525 (Sept 2016 high), 1.7736 (38.2% Fib retrace of 2.09720 to 1.57361 fall)
Call update: Our previous call is progressing well.
Recommendation: Watch out for break above 1.7435, stay long for targets.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro : EUR/NZD gains upside momentum but still bearish
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro- Major Pair levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: USD/CNY edges lower, scope for further downside
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro- Woodies pivot (Major)
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro: USD/CAD eases slightly but trend is still bullish 



