Weekly 200sma rejection

١٢ مارس ٢٠١٩

GBPCAD reached the 200ma (1.775) on the weekly chart only to fall sharply. This price correlates with strong resistance from the week of June 18th '18 at 1.7775. I expect a bearish turnaround, but beware of brexit news.

TP: 1.70
SL: 1.78