Dynamic falls in GBPCAD led the price to support at 2.0012. Currently, it takes an upward correction, which is close to the resistance at 2.0144. This level is also around 50% retrace of yesterday’s declines. Thus, if the price reaches there and on the chart H4 or H1 there would be a reversal confirmation signal, you can consider trading with the option to drops (PUT) and expiration to the end of the day. The next resistance is at 2.0208 and that there may also lead to the continuation of declines. Breaking and closing prices above resistance negates the downward sentiment today.
Test account with a broker binary options OX Markets! Click here to invest
Binary options broker OX Markets offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.