USDCAD Seems Impulsive Bullish, GBPUSD May Face Resistance Soon

USDCAD is moving nicely to the upside from that 1.2938 Friday spike where I labeled the end of wave (ii) so the current strong move is wave (iii) of 5. So, more gains should follow after a fourth wave pullback in the coming sessions.

USDCAD 1h Elliott Wave Analysis

GBPUSD will likely stay around support at the start of this week as the latest intraday sell-off to 1.5546 was made in corrective manner. It looks like a wave B) so new highs are expected for wave C) at 1.5700-1.5730 .

GBPUSD 1h Elliott Wave Analysis

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