GBPCAD - PERHAPS THE TOP HAS BEEN REACHED

25 февр. 2015 г.GBPCAD displaying a bearish divergence together with the channel breakout that suggest a potential correction or a reversal to the downside. We are targeting either 1.9160 or 1.9050 areas. If both are penetrated, it would show a significant weakness in this pair for the long term. At the same time we should monitor key resistance level, technical as well as psychological 1.93. If breached, pair should target one of the resistance levels before continuing with the correction down. Overall we are very bearish on GBPCAD