GBPCAD: ⬇️ Sell
- GBPCAD reversed from resistance area
- Likely to fall to support level 1.8600
GBPCAD currency pair recently reversed down from the resistance area located between the resistance levels 1.8835 and 1.8900 (which has been reversing the price from June).
The downward reversal from this resistance area formed the daily Japanese candlesticks reversal pattern Dark Cloud Cover – which started the active downward correction.
Given the strength of the nearby resistance area and the bearish divergence on the daily Stochastic indicator, GBPCAD cryptocurrency can be expected to fall to the next support level 1.8600.
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