7647111 7/13/2017 6:14 PM, GBP/CAD intraday: technical rebound towards 1.6512 before a new drop


Our pivot point is at 1.6512.


Our preference

: technical rebound towards 1.6512 before a new drop.


Alternative scenario

: above 1.6512, look for 1.6567 and 1.6600.


Comment

: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair stands above its 20 MA (1.6453) but below its 50 MA (1.6470).


Supports and resistances

:

1.6600 **

1.6567 *

1.6512 **

1.6490

1.6466 last

1.6384

1.6351 **

1.6318 *

1.6285 **