Home » GBPJPY , GBPUSD , Pivots , USDCAD » Important Pivot Levels on the GBPUSD, GBPJPY, USDCAD for 06/09/2016
The 1.45 pivot zone, which I outlined in yesterday's post, is even more defined now, acting as support several times today. The GBP/USD exchange rate dropped underneath this level today, so now 1.45 has started to act as resistance. Unless price makes it above this level again, the downtrend is likely to persist. Keep your eyes on this area!
USD/CAD: 1.2760, 1.28, 1.2840
If the market can make it above 1.2760, we might see a bull run towards 1.28. The 1.2760 pivot is the major barrier at this point!
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