- GBPCAD rising inside impulse wave 3
- Likely to rise to 1,7700
GBPCAD continues to rise inside the accelerated impulse wave 3 – which previously broke the resistance zone lying between the resistance level 1,7200 and the 50% Fibonacci correction of the previous ABC wave 2 from May.
The active impulse wave 3 belongs to the multi-month upward impulse sequence (C) from the middle of March.
GBPCAD is likely to rise further toward the next resistance level 1,7700 (former top of the sharp impulse wave 1 from the end of April).