GBPCAD Short term pullback for medium term Long move
TECHNICALS:
Weekly Bullish Engulfing GBPCAD
Pullback support zones to watch, S1 1.6450, S2 1.6350
Bullish signals around these support zones would be better entry for move up to 1.7000
FUNDAMENTALS:
Pending BOE rate hike. BOC signalled rate hike has no pre-determined path.
Positive GBP if Brexit is smoothly transacted.
Positive economic data required to support move higher.
Disclaimer: This is not investment advice, trade your own ideas. Always practice good risk management. All the best!
Weekly Bullish Engulfing GBPCAD
Pullback support zones to watch, S1 1.6450, S2 1.6350
Bullish signals around these support zones would be better entry for move up to 1.7000
FUNDAMENTALS:
Pending BOE rate hike. BOC signalled rate hike has no pre-determined path.
Positive GBP if Brexit is smoothly transacted.
Positive economic data required to support move higher.
Disclaimer: This is not investment advice, trade your own ideas. Always practice good risk management. All the best!